AEV 16.7% 0.5¢ avenira limited

Ann: Half Yearly Report and Accounts, page-40

  1. 12,161 Posts.
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    We have a common theme (make a profit) but diverging strategies in regards AEV (approach as to how that profit is generated). I tend to agree with @lostagain and his approach and unfortunately in this company it needs driving from outside.

    AEV is somewhat different from most other listed explorers on the ASX in that it has disclosed to the market its intent and also some short term goals as set out in the announcement in November 2022 and as broadly indicated in a media interview the previous month.

    In that November company announcement it sought to define some measurable objectives with dates and all we are currently seeking is they report on the progress of those committed deliverables for those dates through the same mechanism.

    AEV lacks the ability to do this even in its most basic form and I have noticed also the light handed approach to financial details in reporting which is concerning in itself but that's another matter yet to blister up.

    Slippage of commitments are often inevitable and acceptable so long as they are actively managed and reported on whereas broad wasting time and money on nefarious ideas that are beyond the realms of reality is senseless.

    If they can't do what is required of them then replace them, them being the Board of Directors of AEV...and that is where things are nearly at due to continual non-performance (at quite an expense I might add).
 
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