AVW avira resources ltd

AVW .Revenue: Flat lined.Operating Expenses: -15.54 millionNet...

  1. 2,484 Posts.
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    AVW
    .
    Revenue: Flat lined
    .
    Operating Expenses: -15.54 million
    Net Profit after Tax: -4.98 Million
    Net Cash: +4.3 million
    .
    .
    That was 8 months ago, what happens when the cash is depleted.


    .
    Their losing 5 million a year with less then 4 million in the kitty 8 months ago.
    https://hotcopper.com.au/data/attachments/6144/6144987-25795a180cab69ed61c9f1ac2b9d178f.jpg

    .
    and paying salaries
    Salary: Harpreet Chiima, 27,000
    David deloub 145,000
    Chris Chen: 37,600
    .
    Operating expenses have been increasing exponentially.
    What cuts need to be made.
    No bank will loan AVW money.
    .
    Only solution is a series of credit raises diluting Shareholder investment or cut back on non essential staff or find cheaper staff.
    Good luck with that
    ...
    Eventually the shares will be worthless.
    .
    Only a fool would invest in AVW in my humble opinion
    .
 
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(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $1.61M
Open High Low Value Volume
0.7¢ 0.7¢ 0.7¢ $12 1.701K

Buyers (Bids)

No. Vol. Price($)
9 2897041 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 567650 2
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Last trade - 12.49pm 28/07/2025 (20 minute delay) ?
AVW (ASX) Chart
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