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0.5¢ avenira limited

Ann: Half Yearly Report and Accounts, page-25

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373 Posts.

186

19/03/24

09:30

Post #: 72953677
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Originally posted by Barry81: ↑

here's something else

from the half yearly report note 11 pg 24

"Under the Licence and Technology Transfer Agreement, Avenira will pay to Aleees the following Licence Down Payments
upon achievement of the following milestones:
• USD 2,000,000 payment at Financial Close (completion of all funding required for the construction of the LFP
Plant (Phase 1)) (USD500,000 paid 20 December 2023).
• USD 500,000 payment at Mechanical Completion (Production Completion of Phase 3: Production); and
• USD 500,000 payment upon first production and sale of LFP CAQM produced."

so avenira are saying that by September of this yr indicatively, the initial train of the LFP plant should be ready to go or else Aleees don't get paid.

Expand

Yup!

but I wouldn't take that too seriously given aleees have been very kind to us extending payments, I'm sure we would too.

AEV Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
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