AEV 0.00% 0.9¢ avenira limited

Ann: Operational & Financial Update, page-242

  1. 435 Posts.
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    Long-term holders should take heart in knowing that both GEAR and Hebang invested in the company knowing that the convertible note deadline was only months away and the company didn't have the funds to clear it. Conveniently, the combined amount they both invested was remarkably similar to the amount required to clear the convertible note in full. A suspicious mind could conclude that a bit of collaboration was involved here between the parties, to ensure GEAR and Hebang were able to secure access to the Wonarah resource for the long-term. That is very important, as securing a steady, long-term resource supply with stable pricing is essential when planning a major infrastructure project.


 
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