Ann: Half Year Financial Report 31 March 2019, page-10

Geo it is very obvious to shareholding and non holding readers on HC that your agenda goes way beyond that of an interested average, ordinary or sophisticated stockholder. Just as obvious are your never tending pro RM views. Equally obvious are your views and personally denigrating rants towards anyone who opposes RM or thinks logically about the 10 years of past RM mismanagement and shareholding misery he has inflicted on decent & honest AVQ shareholders. As for the immediate effects of today’s deplorable and pathetic announcement..... just unbelievable if it came from anyone other than RM !
No mention of TRAXYS intentions even though their 90 day due diligence has long elapsed.
No mention of TRAXYS offtake agreement.
No mention of TRAXYS 90% prepayment for 1st shipment.
And TRAXYS future funds were the future lifeblood and saviour of AVQ according to RM as he answered ASIC concerns.
No mention of any alternative funding.
No mention of any alternative offtake partner
No mention of the supposed material ore stock piling progress in anticipation of RM’s late July shipping deadline.
Not a word of comfort to AVQ shareholders about anything positive re their AVQ investments.
RM is clearly incapable of learning even the basics of understanding re how to respect, treat or protect shareholders invested in AVQ IMO.
Shareholders have expressed their desire here on H to sell their holdings over last 3 weeks.
Or this week gone
Or next week...... but they can’t because of RM’s bs management.
AVQ is “voluntarily suspended” (sad joke) all because RM knows, as we all know, is if the AVQ stock was not suspended it would possibly be trading well below ONE CENT.
HOW do you think the CRITICAL CAPITAL RAISING would go under those circumstances?
Every Australian listed Co that has gone to the SI’s to find their future fortune has either been wiped off the board and destroyed among with its shareholders...... except for St Barbara who only just escaped. So don’t talk shite about nervous investors and blue chip stocks and don’t suggest where they should invest. Imo you have no idea.
More confirmation of new litigation.
More confirmation of further and future shareholder funds to be wasted on legal fees.
Finally, yes you will see Auditors reports use similar disclaimer language. But onlyvwhen they hold genuine and grave concerns over a Co’s ongoing ability to fund itself or raise the necessary capital to cover its projected expenditure program. This is why they have to be INDEPENDENT.
Is why many junior exploration Co’s go to the wall along with the shareholders capital. Regardless of the baseless spruking by CEO’s BOD’s and consultants to the contrary and who have vested interests.
AVQ is in the critically poor financial and asset stripped position it is today because of RM’s and BOD’s support & total mismanagement imo.