Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-105

First 105 Last

Share
Profile

Follow
tolate

10,944 Posts.

990

01/02/22

08:18

Post #: 59261818
Share

Originally posted by big2ben: ↑

It is very common for listed firms to include information that reflects the the most recent progress after the reporting period in their Quarterly disclosures.

For example, see this sentence on page 4 in the AVZ report:

“AVZ commenced trading in its ordinary shares on the OTCQX Best Market (on 13 January 2022) under the ticker symbol “AZZVF”.”

See, they are more than happy to report include the crucial January milestones if the progress is positive.

“AVZ continues to work with requests for additional information which will be submitted to the review committee shortly.”

This sentence suggests that AVZ has not submitted all required information by the end of January.

Otherwise, they can simply delete this sentence in the quarterly report; alternatively, they can make detailed footnote disclosure telling us that they have submitted on some day, Jan, as they report the OTCQX progress.

The disclosure suggests that ML will take looooonger time and the process is more challenging than our expectations and also management’s fantasy.

That means, we should revise our expectations regarding the ML waiting time accordingly. The management has clearly underestimated the difficulties and has issued much over-optimistic forecasts in the previous rounds.

I hope that the management can make some informative updates that address our concerns and reduce the current opaqueness.

Expand

Agree fully
Management need to get the M L done ASAP
Yes a lot of posters still saying its coming....Hmmmmmm
Management had no issue giving themselves P R without a M L been granted
I'm very disappointed in the B O D handling of this matter ...M L
Credibility now is my concerns....
S P should get a spike today though on the LITHIUM price not on B O D actions

cheers

AVZ Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

RCE

Recce's R327 found effective against E.coli during clinical trial

3DP

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Microcap Wrap: 5 explorers with news out today

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

There are more pages in this discussion • 110 more messages in this thread...

First 105 Last

Add AVZ (ASX) to my watchlist

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-105

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Ava Risk Group expands US presence with A$0.7M Substation Deal

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Recce's R327 found effective against E.coli during clinical trial

Pointerra wins US$1.63M from US Dept of Energy to model climate change scenarios

Microcap Wrap: 5 explorers with news out today

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Featured News