PNV had an operating loss of -$1.1m. If they wanted to, they could have easily broken even.
AVH had an operating loss over the same period of -$43.6m.
PNV has a $9m debt facility to fund development costs.
No banks are going to lend to AVH with the massive operating losses it is currently incurring.
This is one of many reasons why PNV has been hitting new highs, while AVH has been kicked out of the ASX 200 with shorts piling on as the share price continues to nosedive.
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