AVZ avz minerals limited

Ann: Extension of Exclusive Due Diligence Period with Locke, page-12

  1. 324 Posts.
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    Sure, but the extension simply means we need to raise funds from other sources very soon to top up the bank account & keep operating. Simply a fact. The funds can come from an unknown source or payment of Cominiere fines (in part or in full) or break fee of $20m from CATH if they've walked (don't think they have b/c the company would have updated the market if they had). I expect we'll get a further update on funding soon. When I approached the company a few weeks back they hinted that Locke was only part of the funding picture. Hence, why we should expect another announcement re finance in next 5-10 days.
 
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