There is a lot to unpack. importantly company had 2.3 mill at end of December. On the burn rate for the last quarter they would only have 800 000 at end of March however they will have: 4.8 million is another 3 quarters Ashland money from Jan production run. end of March they could be around 6 mill. Which gives ave a year run way. most importantly is the 16 million milestone payments. Hitting these targets will unlock the funds to keep ave going. what we need tomorrow is recruitment numbers. Let's hope there has been a significant jump. then new timeline for the interim results. the SP is going to be volatile as game playing takes place. if all legit the deal is amazing for ave.
AVE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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