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78.0¢ avz minerals limited

Ann: Full Year Statutory Accounts, page-70

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Sediaws

845 Posts.

254

02/10/23

11:39

Post #: 70127672
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Originally posted by Roon-Aus: ↑

Betting on getting the ML before tightening belts is a considerable risk, given this now seems predicated on the laborious and costly process of international arbitration cases. The chance we'll come out the other side of this prior to running out of cash is IMO getting lower. I think its past time to reduce costs, given this is the approach the management indicated at the last AGM would be taken if the issuance of the ML was further delayed.

and with Mr PEI and CATH, we'd definitely want to make sure that we can get a cash injection with a reduced equity stake (max 9%) as previously suggested was a possibility by management, as we would be fools to sell off above our 51% majority whilst active ownership disputes have not been fully settled.

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in suspension bets are placed and unless selling offline the only choice is to wait it out.

soo much has been made of the bonuses. $600,000 roughly, how long does that figure support the running of the company? Not long it’s borderline insignificant

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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