1.5c at time of my post, stock closed at 1.5c, you proposed 1c cap raising which is a 33.3% discount. Don’t try a “gotcha” moment on me buddy you know full well I was right.
half year financials showed $24.2m cash at back, this likely gets boosted another 3-5m with next stage of our grant as hinted by Graham in recent presentations (details of grant aren’t in public domain)
half yearly operating expense was 8.5m, there will be investing expenditure too, for the half year it was 9m, but 5m of that was property plant and equipment that isn’t regular. So 12.5m for the half year with 24m cash at bank indicates the company has cash until around end of this year, or best part of 3 quarters.
AVL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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