Avalon Advanced Materials Inc T.AVL

AVL used to be on TMX composite index 2010ish

[toppgunn]

Wow, things have changed for this company from when there was lots of potential for rare earth metals back around 2010 ish.   I believe traded in the 1 to 5 dollar range to my recollection.   I tend to follow companies that have been former index members as lots of criteria to be listed.  The only problem with this company is gets to a low share price then only way to raise money is at the lowest part of share price causing massive share dilution.  Usually then never goes anywhere unless share rollback of around 10:1 then the time to perhaps step on board.  

Worth checking out companies like this occasionally before get delisted or show some potential.

[Shortlongs]

This post has been removed in accordance with Community Policy

[diabase1]

Have you ever heard of zinc batteries for EVs? They're working on them. Much cheaper to produce, plentiful supply of the metal and these batteries do not cause a fire. Do your DD.

[toppgunn]

The problem is there is not much revenue generated from this company, which creates more need for money.  As mentioned there is lots of criteria to be listed on the composite index and company definitely has some worthwhile deposits.  The problem being it takes lots of money to start up mines and get the revenue flowing.  They basically have done "zilch" over the last year

[TickerTwit]

The company has never generated operating revenue and is now in its THIRTIETH YEAR of existence. .

[toppgunn]

A very good comment on never generating any revenue.  My typo in last post should of been last 10 years as aware of them back at that time, but you are more than correct on last 30 years.  Usually when company never generates money this long need something outside the box to occur, whether change of management team, outside buyer to merge, share rollback and need team of new people