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78.0¢ avz minerals limited

Ann: AVZ to raise $15 million to fund further work at Manono, page-107

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Haijun

47 Posts.

15

26/02/18

11:00

Post #: 31340611
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Originally posted by yeowiepower ↑

Seems pretty clear to me, Chinese, aren't interested in stumping up much more cash until the project is further along. I would have thought $15m would just be petty cash to them, but apparently not.

AVZ’s Executive Chairman Mr Klaus Eckhof said "We are committed to an aggressive work schedule to advance development of Manono as quickly as possible and are cognisant of high volatility in international markets. We have now secured funding for our planned exploration and pre-feasibility programs through to the end of the year. Our existing and potential Chinese partners have told us they are looking for advancement of the project prior to making further commitments, and we are now funded to achieve this goal."

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It is more clear now. JORC-commitment.

AVZ Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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