Avanti Helium Corp V.AVN

Price is a steal

[AricanTwin]

Company website has a report out, people didn't like it mentions june target possible early third quarter ..... my advice buy at this price it's a steal

[Peggy123]

I couldn't find it

[Greygoat420]

Only thing I could find was an updated corporate presentation which states late Q2-early Q3 production, which isn't much different than the MD&A issued last November which stated late Q2. Doesn't justify the drop from $.50 to $.38 over the last week or so.

[Peggy123]

This stock is being gamed IMHO  Papi

[wallpaper2]

It just aint the best place to be this year. Better deals around I'm afraid but to each there own.

[TheInsultant]

That's funny I don't remember ever seeing any mention of production dates in the MD&A. Can you pls provide some proof ? Maybe a copy and paste or reference a page number that states late q2.

[Greygoat420]

Page 3 under "Overview of Business". It's in the first paragraph.  They state they are aiming to be in production by end of Q2.

[TheInsultant]

Thanks and that's in the Nov 29 2023 MD&A ? 

[Greygoat420]

Yes it is the MD& A from last November.

[screamer99]

My hunch is that another financing is needed. With the delay to early Q3, the company may not have enought in the bank to sustain themselves. If there is another financing, hopefully it will be the last one but we need to see the Dec/23 financials to understand their cash burn to Q3.

[Greygoat420]

Hopefully not, it was only last July that Avanti issued a news release stating that they had significantly greater financial flexibility to get to the finish line after negotiating the HRU build and that "managing dilution and providing best value for existing shareholders remains the primary focus for management".  They mentioned a number of options including royalty funding