I said there would be a CR before this Q was released.
I got that wrong.
That said, AEV have $1.735 cash and burnt $635k on staff/overheads ($639k in the previous Q).
They've only avoid having a CR by declaring the DSO Study is done and they don't expect the same level of cash burn in the next 2 Q's. It is a little disingenuous to say this considering the study wasn't released until 24/10. Did they pay for everything in advance (Sep Q)? I doubt it.
Further, how do they intend to fund the initial test pit of 5kt of marketable material? Keep in mind authorisation was only granted post Sep Q (24/10/23).
Some mixed messages here.
All imo
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