Hi All,
Just to answer some questions brought forward.
4bl share after consolidation will max AVQ out to 256ml (15:1) which will be capped.
Management are asking SH to increase cap to 8bl if we need to. Now I stress "IF" and gives Management room to fund the next phase of mine establishment and production.
Consolidation will be after the new allotment of share to be issued which might and I repeat might bring us over the 4bl cap. The extra 260ml shares (15:1) are there for insurance so to speak.
Definitely its clear AVQ are forging ahead with production and gives Management a buffer for more funds if we need to. Customer interest for the Ni DSO has been received and will help to negotiate as less dilution as possible moving forward. Management are also looking at the next phase which is "on site refining" but are aiming at a staged approach.
What appeal!. I will be going to the AGM for more clarification on progress and programmes
I will be voting yes
Hope the above helps.
cheers
M
AVQ Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
