AVZ 0.00% 78.0¢ avz minerals limited

AVZ CEO proposed paying Congo middleman $US6m in cash, shares to help obtain lithium mining licence, page-151

  1. 225 Posts.
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    A further point. I'm hoping AVZ is winding back exploration to preserve cash until the matter is resolved. We had about $36m at Dec end & spending $12m per Qtr. Exploration was the bulk of the spend. If AVZ winds back exploration by say 50% we'll have enough cash in the bank to last to Q2 2024 without the need to use the $50m credit facility (assuming we still have access to it. As I indicated in my previous post, I have sought clarification from the company in this regard & will report back if I hear from them).
 
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