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18/10/23
17:20
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Originally posted by Blythefan:
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RCF put $15M into AVL because the government was concerned AVL didn't have the funds to support AVL's 50% contribution towards Modern Manufacturing Industry Fund grant, and the government would reasonably have withdrawn the co-funding for the project on account of AVL being unable to meet their commitments. So that was basically a top-up to get "free" money from the government.
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Hi Blythe That's a very specific comment, do you have a source or any proof of that assertion? I'm not defending AVL who would have had to do another cap raise very soon as per their normal modus operendi, regardless. But saying AVL or RCF got info or correspondence from the government that hasn't been disclosed, that's altogether different imo.