AVZ 0.00% 78.0¢ avz minerals limited

"The Company’s net operating cashflow will reduce significantly...

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    "The Company’s net operating cashflow will reduce significantly for the remainder of
    the 2024 Financial Year. The Board approved an operating budget at its meeting in
    October 2023 which will cover operating expenditure for the next 12 months to
    remain a going concern. Activities at the Manono site, Dathcom Office and the
    Perth Office has been reduced to a bare minimum with expected savings in most
    areas. Site staff and activities has already been reduced to only cater for security
    and maintenance of critical items."

    Damn. Why have they waxed $5 million in the last 6 months on e&e? Unnecessary spending IMO.

    Should have cut spending 12 months ago.

    Not a great position to be in..
 
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Currently unlisted public company.

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