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78.0¢ avz minerals limited

He didn’t say “No”. He said what they did have funds for without...

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treewallaby

548 Posts.

140

22/11/20

20:24

Post #: 49053458
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Originally posted by GD4: ↑

So you mention capital raise to buy the extra percentage on multiple occasions and that there will be a capital raise in X amount of months. And that there will be no offtakes until Feb and no finance until .....

And then you post

"Q: "Do you see the need to raise cash in the next 3-4months?"

A: "The Company is currently well funded to support the current operations and the early works program."

This did not answer the question. That's not a 'no', Leonard."

The question and answer is clear we don't require payment for the extra percentage in the next 3 to 4 months hence we don't need to raise cash in the next 3 to 4 months. if we don't get offtakes as you are suggesting then we don't need funding in the next 3 to 4 months.

If all we need to do in the 3 to 4 months is current operations and early works then we don't need funding in the next 3 to 4 months. Leonard's answer was spot on.

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He didn’t say “No”. He said what they did have funds for without addressing whether or not funds would be required for other activities or for something else like paying for the 15% or beefing up the balance sheet to augment bargaining position. This is how I read it.

Last edited by treewallaby: 22/11/20

AVZ Price at posting: 8.6¢ Sentiment: Sell Disclosure: Not Held
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