AVZ 0.00% 78.0¢ avz minerals limited

Another concern that I hope others might be able to clarify....

  1. 2,826 Posts.
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    Another concern that I hope others might be able to clarify. Here is the cashflow from the sept quarter. It looks like 712,000 was paid for investments during this period.
    Source: https://www.asx.com.au/asxpdf/20191031/pdf/44b4yv8cj9vljg.pdf
    https://hotcopper.com.au/data/attachments/4328/4328779-95583e43b8dbd75d05999c97bae15c75.jpg

    The 15% equity increase announcement happened on the 24th June and AVZ had 14 days to make the payment, so we can assume that this would have occurred in the Sept quarter (most likely)
    Source: https://www.asx.com.au/asxpdf/20190624/pdf/4461vgpfykdxbw.pdf

    The peak exchange rate in the cooling off period was 0.702325, so $AUD712,000 = $USD500,055. So that is cutting it extremely fine, mind you I am taking the peak exchange rate in this time period and it only just makes it.
    https://hotcopper.com.au/data/attachments/4328/4328791-3d855c4ab567185715133e30850f023e.jpg

    Does this concern anyone else? Is their any possibility that Dathomir might not have received the full amount and held on to a minute technicality.

    With that said, that makes no sense, because they accepted the remaining amount and according to AVZ announcement. So I really can't imagine this being an issue.
    https://hotcopper.com.au/data/attachments/4328/4328806-72d9c3723aad63a9207b67aa43d1773e.jpg


 
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