AVL market cap is essentially below our radar screen at $39M, and momentum has not been good, with the stock down 30% this year. It has a bit of cash, more debt, no revenue, losses and negative cash flow. It does have a $15M convertible financing in place that it has drawn down partially, but a lot more capital is going to be needed here. It has a lithium deposit near Kenora Ontario that it continues to development. The lithium sector has cooled down a lot, and we are not able to recommend a very risky stock trading at 7 cents. We would consider its speculative level as 'near lottery ticket' level.
5i Research Answer: