I don’t know, the credit raising sucks but I will wait and see how they fund the rest of this before I pass judgement.
$5m isn’t going to cover much of the required capital for the dso operation or the funds to complete the bfs on the lfp plant or payout the shareholder loan to au xingao. That is probs another $40m. 40m at 1.1c is like another 3.6bn shares. Then you can be real pissed.
that’s not even counting the phos acid plant scoping/bankable study.
burnvoir must be up to something more than high dilution cap raises for piddle sticks. Why would they bother.
Ann: Avenira Receives Firm Commitments for $5 Million Placement, page-41
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