Avalon Advanced Materials Inc T.AVL

LGES and Green Tech

[KIMAUI]

https://www.afr.com/markets/equity-markets/green-tech-metals-secures-lg-energy-deal-touts-huge-ambitions-20230522-p5daak

This worries me - LGES put 20M into Greentech and committed to 25% in an offtake. 
Way better than what we got in terms of partnership. 

Zeeshan and Scott better move like bats out of hell now if they want to keep shareholders. 

There is no long game anymore, no more waiting - Quick, fast deliverables or we lose

[KIMAUI]

What do you got on this one Nick? 

[Nick1969]

Can't see it..

[SimonM]

I have to admit that this worries me as well!

[KIMAUI]

https://www.northernontariobusiness.com/industry-news/mining/northwest-lithium-explorer-inks-deal-with-south-korean-battery-maker-7025042

[Nick1969]

AVL has also signed an agreement to supply LG with lithium starting in 2025..remember? It was signed last fall .

[KIMAUI]

Yup - but they did not invest 25M into AVL. 

[SimonM]

@Nick1969: you are still as optimistic as you were before these news? 

[Nick1969]

Yes..Things will start moving fast now with Scott  Monteith on board.

[SimonM]

Do you know Scott personally or what makes you think that things will now move faster with him as the interim CEO?

[Nick1969]

I never met Scott. But he's young  and hungry . I feel that Don Bubar was holding the company back due to his complacency and health issues. I think - expect actually- that things will really start moving now with new leadership. I expect Scott to clean out the whole Board of Directors and bring in a winning team that will produce results soon.

[SimonM]

Well, I cannot agree that he is young, he is the President and CEO of Monteco Ltd. since 1995. I guess he is approximately 55 years old. However, he has a proven track record of bringing startups to production. For that reason I also expect that he is eager to bring AVL a big step forward. Together with Zeeshan and Rickardo he will rock it!!

[Nick1969]

55 is young :))) I expect  great things and soon.