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

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

Funding - impacts and implications, page-23

First 23 Last

Share
Profile

Follow
keepsmiling

4,208 Posts.

308

22/11/20

21:09

Post #: 49053908
Share

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

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.

Expand

That is a typical slippery management answer/statement. Have heard it from many other company CEOs

Last edited by keepsmiling: 22/11/20

AVZ Price at posting: 8.6¢ Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

ARU

Cashed up Arafura locks in $171M German export agency deal; locks in NdPr offtake for wind turbines

FNX

Fenix Resources to start mining iron ore at Shine, nearly doubling production despite price pressure

BOE

Boss makes first uranium shipment, production on-track at Honeymoon

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 42 more messages in this thread...

First 23 Last

Add AVZ (ASX) to my watchlist

SPONSORED BY