HC reply glitching again so have to tag you @Bermuda007.
You probably could say that, if part of the architect's brief was to not only design the house, but to also finalise a turnkey contract to construct it, quote to construct it, plus scout for locations for you. If their pricing was competitive, you could turn around and award them the contract, saving a little time because they already "know" the design.
Funds needed for the V Electrolyte plant ~A$7.4M less the A$3.69M grant leaves A$3.71M for AVL to fund.
From the Annual Report "Cash at the end of the financial year $26,443,986" (30/6/22)
From the 28/1/22 "Application for quotation of securities - AVL" until the latest one dated 23/9/22, it appears 225,210,204 options have been exercised, at $0.025 that's ~A$5,630,255. If exercise continues at similar rate say 28M per month until expiry 18/12/22 say 2.5 months would equate to ~A$1.75M. If the whole remaining 321,140,427 options are exercised that's ~A$8M. It will probably be somewhere between those figures.
IMO funding the electrolyte plant will not be an issue.
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australian vanadium limited
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Ann: Annual Report to shareholders, page-14
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Mkt cap ! $69.07M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $77.83K | 9.739M |
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No. | Vol. | Price($) |
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36 | 12452700 | 0.7¢ |
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Price($) | Vol. | No. |
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0.8¢ | 3050271 | 6 |
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No. | Vol. | Price($) |
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36 | 12452700 | 0.007 |
13 | 14783333 | 0.006 |
10 | 7933336 | 0.005 |
7 | 20655000 | 0.004 |
4 | 15800000 | 0.003 |
Price($) | Vol. | No. |
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0.008 | 3050271 | 6 |
0.009 | 9871380 | 25 |
0.010 | 19203834 | 38 |
0.011 | 4701129 | 19 |
0.012 | 4420180 | 14 |
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