AVW 0.00% 0.1¢ avira resources ltd

Ann: RESULTS CONFIRM SIGNIFICANT ZONE OF NI-CU MINERALISATION, page-34

  1. 2,039 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.
    https://hotcopper.com.au/data/attachments/5995/5995324-879d40056cef2c178f623bf029483c9c.jpg

    .
    Their losing 5 million a year with less then 4 million in the kitty 8 months ago.
    .
    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
    .
    https://hotcopper.com.au/data/attachments/5995/5995316-b17a51ed452d77e827c79476168ab1b8.jpg





 
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