Australia's largest stock trading and investment forum Australia's #1 stock forum

AVQ

Click for more information

0.00%

2.5¢ axiom mining limited

Anything is possible User , they may also have new Off takes...

First 117 Last

Share
Profile

Follow
shane.hardy

3,012 Posts.

22/11/16

17:42

Post #: 20800427
Share

Originally posted by user23 ↑

I think of more importance is the "no pay cut"..........but even if they commence production in Q2 next year, they still need to raise CR for operational expenses (i.e. salary) for at least 2 quarters, they only have $4M USD end of Q3 so I think they will run out of cash in mid-end of Q1 and don't forgot they still need to pay the $20M AUD start-up capital expenditure using any profit from the DSO for the next few years (as they indicated in their PFS) so more likely they need to raise CR (and I agree, it will likely be with the SJ JORC drilling results).

Expand

Anything is possible User , they may also have new Off takes deals ready to go after Jorc on SJ .they may also have a committed JV partner willing to stump up cash ....anything is possible I guess.

AVQ Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

I88

Large fault structure and uranium anomalies picked up by Infini at Newfoundland play

PH2

Pure Hydrogen inks MOU for 5 hydrogen buses in Saigon – days after Twiggy's FFI reeled back in

Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

29M

High-grade copper results provide some relief to 29Metals after earlier mine shutdown

HBF to throw 10% vote behind NDC BidCo's buyout of Pacific Smiles Group

There are more pages in this discussion • 47 more messages in this thread...

First 117 Last

Add AVQ (ASX) to my watchlist