AVZ 0.00% 78.0¢ avz minerals limited

Funding - impacts and implications, page-20

  1. GD4
    129 Posts.
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    So you mention capital raise to buy the extra percentage on multiple occasions and that there will be a capital raise in X amount of months. And that there will be no offtakes until Feb and no finance until .....

    And then you post

    "Q: "Do you see the need to raise cash in the next 3-4months?"

    A: "The Company is currently well funded to support the current operations and the early works program."

    This did not answer the question. That's not a 'no', Leonard."

    The question and answer is clear we don't require payment for the extra percentage in the next 3 to 4 months hence we don't need to raise cash in the next 3 to 4 months. if we don't get offtakes as you are suggesting then we don't need funding in the next 3 to 4 months.

    If all we need to do in the 3 to 4 months is current operations and early works then we don't need funding in the next 3 to 4 months. Leonard's answer was spot on.





 
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