AVZ 0.00% 78.0¢ avz minerals limited

The big issue for AVZ as far as I can see is how to raise cash.a...

  1. 2,734 Posts.
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    The big issue for AVZ as far as I can see is how to raise cash.

    a $42m decrease in cash in one year, with $12m going to employees and suppliers? This is a disaster. The company will not be able to finance at levels anywhere near it was suspended at, and management seem to think they can pay themselves as if this was a going concern. At this burn rate they will run out of cash by December; then what?

    expect a private equity situation and massive dilution of existing shareholders. The current BOD clearly are clueless.

    here is the damage done:

    https://hotcopper.com.au/data/attachments/5621/5621361-39941d5afacf503dd4e5558ab553df75.jpg


    and here is the problem in black and white:

    https://hotcopper.com.au/data/attachments/5621/5621362-50cff6f086f09a5992cc68d4620607f8.jpg


    what do the supporters here think will happen within six months when it runs out of cash?
    Last edited by excelsior: 01/10/23
 
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