I just read that the dry season is from May-Nov? I assume that means AVB needs to get a wriggle on with finance if they are going to develop the mine before the net wet season arrives? As they need 6-9 moths to develop it.
As for the cash, while I did just read that AVB have spent $7 million to date on development & equipment (which as you say may well be clawed back later), they will have $16 million in cash after the March Qrt spend, then you have this quarter, perhaps a similar burn rate? So by June they will be down to $12 million... Anyway, if they do get project finance soon, it will be less of an issue unless they hit any bumps in the development stage.
I am still puzzled by AVB have not yet received finance. Is it because Stage 2 is now linked to Stage 1? I would have thought AVB would be in a stronger position to engage in further finance once Stage 1 was up and going?
All very interesting either way. For what its worth, while I understand that some posters are frustrated with those that don't agree with them, you never know, their critics may well save
AVB Price at posting:
7.5¢ Sentiment: Hold Disclosure: Not Held
