The $3.69m AVL received from the government had a requirement that AVL also match it with $3.69m. This gives a total of $7.38m
As at 31 December 2021 AVL had a bank balance of $3.774m and "call deposits" of $2.019m providing a total cash value of $5.793m.
I don't know if the specifics of the agreement have been released but do AVL have to maintain a level of cash to satisfy the government grant or is it purely when the plant is built that AVL must spend at least $3.69m of it's own cash?
Keeping that in mind and also the fact that AVL seem to be spending $3-$4m a quarter wouldn't it be prudent to assume a CR within the next month? Maybe by the end of March?
Obviously it would be most beneficial if the BFS were released and it met or exceeded expectations before the next CR but who can confidently say it will?
WTF BFS?, page-10
Add AVL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $111.3K | 7.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 28937019 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 14661652 | 28 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AVL (ASX) Chart |