Ann: Annual Report to shareholders, page-14

HC reply glitching again so have to tag you @Bermuda007.

You probably could say that, if part of the architect's brief was to not only design the house, but to also finalise a turnkey contract to construct it, quote to construct it, plus scout for locations for you. If their pricing was competitive, you could turn around and award them the contract, saving a little time because they already "know" the design.

Funds needed for the V Electrolyte plant ~A$7.4M less the A$3.69M grant leaves A$3.71M for AVL to fund.

From the Annual Report "Cash at the end of the financial year $26,443,986" (30/6/22)

From the 28/1/22 "Application for quotation of securities - AVL" until the latest one dated 23/9/22, it appears 225,210,204 options have been exercised, at $0.025 that's ~A$5,630,255. If exercise continues at similar rate say 28M per month until expiry 18/12/22 say 2.5 months would equate to ~A$1.75M. If the whole remaining 321,140,427 options are exercised that's ~A$8M. It will probably be somewhere between those figures.

IMO funding the electrolyte plant will not be an issue.