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78.0¢ avz minerals limited

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341 Posts.

128

06/04/24

14:47

Post #: 73220268
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Originally posted by DannyC25: ↑

Yes, I read the announcement. The update they gave on 2 April was that the Locke due diligence had been extended to the end of May. So, without Locke's $20m until then (at the earliest) we need to understand how they propose to continue trading considering the Dec Quarterly report indicated they had enough money until mid to 3rd week of April with the added comment from Mgt that the company's finances would be fine b/c they were "confident" Locke's credit facility to be available by 31 March (no longer the case). Do you have an answer?

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https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/65b9decc62cf31766c607cba/1706680014970/20240131+ASX+Quarterly+Activities_Appendix+5B+Cash+Flow+Report.pdfd "due diligence with Locke until, at least, 31 March 2024."
I would assume that they were off on their projections of running out of money in the Dec. Quarterly. Maybe they found some more cost savings areas to extend it out some more. I feel that it was extended because they believe it will not be needed because they will get some of the fines paid to them by the DRC.
By you keep bringing this up will not help in one bit to get more answers. You and I will know when they decide to inform us.

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