Ann: DSO Feasibility Study Delivers Strong Financial Results, page-31

Hey mate... still interested. I've spent a lot of time evaluating the stock so it would be good to get a return on that time.

The DSO Study didn't move the needle as perhaps holders and the company expected/hoped. I stand by my call AEV will need a CR before Sep Q is released as they will have less than 2*Q in cash. This level was only narrowly avoided in June Q due to one-off GST refunds. A CR at these levels would be disappointing and perhaps only avoided if BC pulls a BOA from his proverbial in the next week. Possible. Here's hoping for holders.

AEV burns $600+k in overheads alone. This will need to be funded regardless of any project funding/financing. Further, there are a few items outside the DSO Project Funding Requirements such as: Water supply and storage facilities, Fuel facilities, Power infrastructure and supply, Technical resources and Other owner related costs. These will need to be funded too.

The loan from Au Xingao stood at $3.5m inc. capitalised interest. This will be closer to $4m by the time it is due to be repaid in March 2024. This may have an impact on AEV's ability to access project financing outside equity and/or government hand-outs.