Bullboard - Stock Discussion Forum Avanti Helium Corp V.AVN

Alternate Symbol(s): ARGYF | V.AVN.WT.A

Energy Oil & Gas E&P

Avanti Helium Corp. is a Canada-based pure play helium exploration company. The Company is focused on the exploration, development, and production of helium across western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. The Greater Knappen Project has identified key areas for helium exploration in Southern Alberta and Montana. The project covers an... see more

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TSXV:AVN - Post Discussion

Avanti Helium Corp > 3rd Qtr Financials and MD&A Update

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Post by Greygoat420 on Dec 02, 2024 1:24pm

3rd Qtr Financials and MD&A Update

The financials for 3rd quarter and the associated MD&A are posted on Sedar now. Based on the details, Avanti are now in talks with IACX to modify the MWPP agreement to now have Avanti pay for a portion of the construction of the plant in an effort to reduce the set monthly fee that IACX was going to charge ($215K USD/month). I'm guessing that they are trying to reduce future operating cost as the market price for helium retreats from the highs, as they have probably discovered through their discussions with Edelgas and potential customers. They would have to take on debt or issue more shares to make this happen. The debt would be secured by sales contracts and against the plant and equipment itself (Avanti's share). In my opinion, if they have any hope of starting production or making sales in the first quarter as they have stated they intend to do, these issues will have to be settled in the next 30-45 days. In the meantime, we continue to wait with very little communication from management (other than the quarterly MD&A).

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