”If I look at some of the internal risks, the current long outstanding creditors balance and the actions that creditors might take against us in the short term remain a risk until all the funds flow until the end of July, but the team are working very closely with these creditors and keeping them abreast of the developments, but it remains a risk. Secondly, convincing our preferred suppliers to be our supplier of choice after we've let them down so many times in recent times. Commitments are made for funding, the funding doesn't come through and we promised a repayment plan. We've stopped doing that now because we're losing credibility with key suppliers. It's critical to have preferred suppliers back in favor with us because it's needed to improve our asset reliability and our planned maintenance program”
They posted another loss, with additional funds due end of July. They’re in big trouble
AVL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)