AVZ Discussion 2022
- Thread starter GazDix
- Start date
BRICK
Where’s Zeebot 😶🌫️
Im assuming every bit of cash we invest on the infrastructure and project assists in illustrating an assumed ownership and a fuck you to the carnts.
MoneyBags1348
Top 20
Thank fuck for some sensible comments.
There were people here whinging about why were we continuing to spend money on developing the site and drilling.
You just answered one MDRY, it was necessary to keep developing the infrastructure to prove our ongoing commitment to the project and people of Manono. And those drilling assays proved the project was worth far greater value than the previous DFS stated which is vital for negotiations (including JV negotiations) and future agreements
rocknrolla
Regular
18 and change left, there's been a deal done, portion sold etc (money inwards) otherwise whole show is dead in the water with the cash burn rate. So while its always been we're f#cked or not, this gives me confidence we're very safe.
Carlos Danger
Top 20
Burn rate includes investing activities which shouldn't need to happen again now that drilling has stopped. So we actually have 4.59 (18.949 / 4.128) quarters of funding available at current cost of operating activities. The key question is what percentage of this operating cost is legal fees and how much can we expect that amount to grow with the additional court cases we now have.19M cash on hand
$4.1M for payroll, administration and corporate costs; and
2.7 Quarters left at our current cash burn rate.
Assume the pineapple purchases were hidden among the corporate costs.
Chilla
Regular
Cash burn included drilling and early works costs. Both finished now. So have 4 quarters of cash left based on current corporate and legal expenditures.19M cash on hand
$4.1M for payroll, administration and corporate costs; and
2.7 Quarters left at our current cash burn rate.
Assume the pineapple purchases were hidden among the corporate costs.
Edit.
Im growing impatient on the inevitable.....
The labor being used is recruited locally. Good, meaningful employment for them.
Keeping the locals onside never hurts either.
Assuming the exploration, drilling and early works costs are drawn down to zero, then 4 quarters left. But expecting legal costs to increase, given actual startup work of ICSID preparation and the planned ICC case in Sep/Oct, how much does that leave us? Legal doesn't come cheap. Perhaps 3 quarters of burn I would guesstimate.
That doesn't bode too well, and surely underpins our opponents obvious delay delay delay game. I don't think that the share drawdown facility will be available in suspension (anyone know otherwise?), so I wonder how we would go about a cap raise should alleged negotiations underway at present not reach fruition within 6 months. Has anyone been invested in a company raising during an ASX-enforced suspension?
Time for a drawdown in salary and corporate spending perhaps
The only other thing of note was a few words included in the JC/Com section where it confirms that they are working in concert to unlawfully acquire interests in Dathcom "to the exclusion of the company". Has that last bit been entered before? Might be reading too much into it, just saying that they want those % instead of us, but could also be saying that they are looking to exclude us entirely. Which it's fairly clear now that they are, but nonetheless.
That doesn't bode too well, and surely underpins our opponents obvious delay delay delay game. I don't think that the share drawdown facility will be available in suspension (anyone know otherwise?), so I wonder how we would go about a cap raise should alleged negotiations underway at present not reach fruition within 6 months. Has anyone been invested in a company raising during an ASX-enforced suspension?
Time for a drawdown in salary and corporate spending perhaps
The only other thing of note was a few words included in the JC/Com section where it confirms that they are working in concert to unlawfully acquire interests in Dathcom "to the exclusion of the company". Has that last bit been entered before? Might be reading too much into it, just saying that they want those % instead of us, but could also be saying that they are looking to exclude us entirely. Which it's fairly clear now that they are, but nonetheless.
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Chilla
Regular
I hope they are maintaining some work for the locals and continuing to support health and education programs in the community......ongoing support from the Manono community is vital in demonstrating we are there to develop the project and provide positive benefits to the lives of those living in the region.
BRICK
Where’s Zeebot 😶🌫️
And will look good in court.
TDITD
Top 20
Should be enough for some quality Caps
To be honest, its a pretty comprehensive summary of where were at.
Also, from page 4:
”The Company completed its early works program in June 2023, including the construction of the camp to accommodate the initial construction workforce in anticipation of Dathcom receiving its long-awaited mining licence.”
Now I'm not about to read too much into that, but at the very least the optics are strong... Basically boots on ground, completing the early works right up to a few weeks back - this combined with the latest drill campaign does give me some (fragile) confidence. It's our fukken tenement, were fukken progressing it, and as a last resort we'll make a very fukken strong case in arbitration.
2.7Q's left, so call it 6 months to get something concrete awarded and get that CATH cash in the bank.
Stay on target Nige, and GLTAH.
Powerage.
Also, from page 4:
”The Company completed its early works program in June 2023, including the construction of the camp to accommodate the initial construction workforce in anticipation of Dathcom receiving its long-awaited mining licence.”
Now I'm not about to read too much into that, but at the very least the optics are strong... Basically boots on ground, completing the early works right up to a few weeks back - this combined with the latest drill campaign does give me some (fragile) confidence. It's our fukken tenement, were fukken progressing it, and as a last resort we'll make a very fukken strong case in arbitration.
2.7Q's left, so call it 6 months to get something concrete awarded and get that CATH cash in the bank.
Stay on target Nige, and GLTAH.
Powerage.
TDITD
Top 20
Yes was kinda my point, in that its the 'current' cash burn, but we won't be burning that. I poorly articulated.
Yes, current cash burn isn't future cash burn. We are good for a year of 'Imminent' news.
Jokes aside though, we are all good money-wise.
Just awaiting the inevitable on the talks with Government, an outcome that will arrive far before our cash burns out.
Retrobyte
Hates a beer
Wrong. The announcement clearly says the camp has been completed ..... "in anticipation of Dathcom receiving its long awaited mining licence"
Cumquat Cap
Regular
Deleted my last comment it was shithouse/emotion driven - cheers
Winenut
GO AVZ!!!!
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