RE:RE:Vital Metals signs rare earth oxide offtakeGreat news if AVL could start buying shares but highly doubt especially with the recent 3 million dollar public placement. AVL neeeds all the money they can get to advance their projects.
The best option is a share restructuring then this company would fly i.e. financing at higher share price.
Myself did not recently sell as believe there is still some upside but AVL very risky on moving their projects along without a lot of cash at hand. Fortunately, a lot of this was accomplished in the good times back in July 2011 i.e. raising 46 million dollars cash US to advance projects.
The 4 major projects are there and just need to start on the lithium mine to get a revenue stream.
There is optimistic future to AVL with their projects if they can get financing in place.