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78.0¢ avz minerals limited

They just gave you one on April...

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341 Posts.

128

06/04/24

14:03

Post #: 73219950
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Originally posted by DannyC25: ↑

A few will jump on me (don't bother, just put me on ignore if you don't like what I have to say) but the company still owes us an update on finance/solvency. If you go back to the Dec Quarterly report they specifically stated that they were confident they would access to Locke funding by 31 March to remain afloat. That situation has now changed & they need to inform us on how they're tracking on finance. The law is specific. You're insolvent & cannot continue to operate if you can't meet your ongoing financial obligations (rent, utilities, legal expenses etc). I won't speculate what's happening behind closed doors b/c I don't know (others can speculate) but the company needs to tell us what's happening. That said, if we hear nothing in the next few weeks we can expect an update in the March Quarterly report due by the end of April.

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They just gave you one on April 2.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02790812-6A1200806
Extension of Exclusive Due Diligence Period for US$20 Million Facility with Locke Capital

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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