AVLO, page-69

Gee a couple of red days and the punters are finding concerns. Even our resident ramper can find a worry with the placement of the slab! Lol.

Re: unit placement
1. I am fairly confident the customer, being a guy who makes his living partly off the land, has a good idea about site conditions. For peace of mind, look at the photo of the property in the announcement of 18/5/16.
2. The equipment is weatherproof.
3. The power component is at the top of the unit; the energy component is in the lower section, that is the electrolyte tanks.
4. The equipment does not necessarily sit flush on the slab. Look at other install photos.
5. But if we do not hit 4c by the end of the week as per Jackpot's call, then disregard points 1-4 above.

Re: options

I am pleased the unlisted options are in the money and holders have an incentive to exercise now, well before expiry in 12/17. There is still another $3.6m to be raised from exercise of these.

This could fund the electrolyte plant in AU after the pilot and then possibly SE Asia too.

Looking further ahead, we have $4.7m to be raised by exercising the listed options before 12/18.