With disclosed liabilities at end March exceeding $6.24 million...

With disclosed liabilities at end March exceeding $6.24 million (even though it is mid June and this figure is likely well underestimated) and a proposed capital raising of say $4.5 million underway, this is freaky.
Clearly weekly expenditure in m’ment fees and staff salaries must be met or staff have to be put off.
Leaves the areas where the massive $$$ outgoings can be reigned in are in the material ore recovery program expenditures.
However to do this means that the July shipping target would not be met.
This leaves RM’s projected and promoted future cash incomes, critical to offset the current & potentially insolvent trading, in total disarray.
Talked about damned if you do damned if you don’t for the shareholders investments.
With total silence from RM re TRAXYS and or the alternative other funding and offtake options RM has over last 4-6 months continually advised the shareholders and ASIC that he is pursuing, this places a deathly quietness surrounding AVQ’s ability to survive.
And now we have yet another extended capital raising deadline and we can only assume because of a lack of support by shareholders and the markets.
Along with another failed again & now extended cap raise also comes an extension to the trading halt.
Yes sir truely amazing.
Based solely on results and SP performance, RM would rank as No1 contender by a country mile as the most incapable CEO on the ASX imv.