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0.00% 16.5¢ avanco resources limited

i think there has been confusion with the reporting figures now...

  1. Kinzu
    833 Posts.
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    29/04/16
    10:22
    Post #: 17629471
    i think there has been confusion with the reporting figures now in USD.

    The last cash balance was in AUD. It is now in USD.

    Construction only completed last quarter so the cash was always going to decrease in Q1.

    As of now we have roughly 27m AUD.

    Please refer to the last line in the quarterly under corporate
    "On January 1st 2016 Avanco changed its functional and presentation currency to USD."
    Last edited by Kinzu: 29/04/16
    AVB Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 15  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 

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