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"The Company is currently well funded to support the current...

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keepsmiling

4,208 Posts.

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22/11/20

21:09

Post #: 49053908
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"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.

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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
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