Avanti Helium Corp V.AVN

Year end financials out

[AricanTwin]

Looks ok going concern noted, but deficit covered with recent raise. Any talk of a further delay would not have a good look. Hopefully company will give some positive announcements soon.

[Greygoat420]

Read the MD&A. Says they are now expecting to produce and sell helium by the end of 2024, now we know why the share price has dropped. That's a 6 month delay from previous forecast. They will need additional funding to get there, most likely additional shares to be issued. Will be interesting to know what caused the delay.  Time to email IR.

[petrofac]

just reading through it as well, what page and paragraph is it on?

[Greygoat420]

Page 3 under Overview of Business. It's the first sentence.

[Auroratrout]

They have had difficulty with several off take companies with regards to an acceptible selling price.  Seems that the off take companies are now trying to lower their buy price as they believe that the Russian situation is closer to an end. The offtake companies are fearful of making a longterm mistake on price.  Also I have been told that Messer has recently taken the position of not