Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

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