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1.6¢ australian vanadium limited

Even with 7.03 quarter, I am hoping, that will give them enough...

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Gollada

1,619 Posts.

352

30/01/23

12:40

Post #: 65947054
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Originally posted by Bermuda007: ↑

Nice find. Having said that, will the government be giving them $637,000 every quarter? Very surprised the accountants just assumed this as the (819) figure took that one off grant into account no? Wow! Maybe I'll go back and have a read and see if the government committed to doing this every quarter moving forward. If not

1. Cash flows from operating activities
1.1 Receipts from customers - -
1.2 Payments for
(a) exploration & evaluation - -
(b) development - -
(c) production - -
(d) staff costs (776) (1,329)
(e) administration and corporate costs (779) (1,546)
1.3 Dividends received (see note 3) - -
1.4 Interest received 10 10
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Government grants and tax incentives 637 657
1.8 Other (provide details if material) 89 88
1.9 Net cash from / (used in) operating
activities
(819) (2,120)

So if one does not presume grants of $637,000 will be coming in every corner the figure I assume is 7.03 quarters not 8.4.

I wonder which is worse presuming or assuming???

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Even with 7.03 quarter, I am hoping, that will give them enough time to secure both environmental clearance and funding.

AVL Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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