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1.6¢ australian vanadium limited

From p25 of the report it appears they have just over 2 years if...

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jgbit62

207 Posts.

123

30/01/23

10:50

Post #: 65943204
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Originally posted by Bermuda007: ↑

4. Net increase / (decrease) in cash and
cash equivalents for the period
4.1 Cash and cash equivalents at beginning of period 24,717 26,443
4.2 Net cash from / (used in) operating activities (item 1.9 above) (819) (2,120) (that's with the gov chipping in $637K)
4.3 Net cash from / (used in) investing activities (item 2.6 above) (2,743) (4,571)
4.4 Net cash from / (used in) financing activities (item 3.10 above) 6,079 7,482

(d) staff costs (776) (1,329) $60,000 a week

OK, so the breakdown is $1,456,000 for operating activities & $2,743,000 for investing activities. $4,200,000 spend in the 3 months. However, they obviously got the one off intakes of the conversion money, and a grant from the government. Am I reading this correctly? Please point out where I'm off.

Soooo at the end of 2022 they had $27,200,000 in the bank, with a cash burn (based on the quarter) of just under $4,200,000. Anyone care to guess how long that gives the company to find this cash?

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From p25 of the report it appears they have just over 2 years if current spending level is maintained.

Last edited by jgbit62: 30/01/23

AVL Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
9 Upvote

2 Great analysis

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