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by Will Purcell

The critical and specialty minerals stocks box score for Thursday was a positive 100-85-125 as the TSX Venture Exchange added 17 points to 918. Allan Ferry and Scott Monteith's Avalon Advanced Materials Inc. (AVL) was unchanged at five cents on 2.53 million shares on word that its plan to consolidate its stock by a manly 1:180 ratio has received shareholder approval by a wide margin. The rollback still needs approval by the TSX, but once confirmed and enacted, Avalon's stock would presumably be elevated from near a nickel to a sawbuck. Yes, sawbuck is an American term for a Canadian tenner, but grin and bear it: Avalon is eyeing up a United States listing like a teenaged boy swooning over the homecoming queen.

Mr. Ferry, Avalon's chairman, was pleased with the vote: "We appreciate the strong support shareholders have provided for this important step in Avalon's capital markets strategy," he cheered. He and the board determined that the hefty rollback "appropriately positions Avalon for the next stage of its development," having considered the company's shoestring stock price, prevailing market conditions and "potential future U.S. exchange listing requirements."

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