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16.5¢ avanco resources limited

Ann: Quarterly Cashflow Report-AVB.AX, page-45

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2 Posts.

29/04/16

10:38

Post #: 17629834
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Originally posted by Awoonga ↑

You're probably right and that makes sense. I'm still trying to get my head around the Cashflow reports.

What surprises me somewhat is why there isn't a revenue forecast for the rest of the financial year now that AVB is mining. Probably need to finalise the offtakes first and a more accurate forecast by the end of Q2.

At the end of December 2015 we had AUS$43.4 million. Now we have US$20.3 million a the end of Q1.

If a US$1.00 = AUS$0.75 then have we now only AUS$15.2 million in the bank?

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I can't believe it, my nine year old daughter can calculate better the exchange.
US$ 20.3 = AU$ 27.1 million

AVB Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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