AGM 0.00% $1.60 australian governance & ethical index fund

agm prospects in 2008, page-50

  1. 151 Posts.
    ghosta
    you rate management highly.
    They are currently burning capital at a brisk rate by mining avebury since July and look like continuing until mill start up sometime(hopefully anyway)in 2008.Stockpiling for this long is not smart,its certainly not a clever way of spending capital.What if there is another "unforseen" delay
    They also had their chance to utilise the Renison plant but have not given any clear reason for not pursuing this option.no stone should be left untested or unturned to get cash flow and avoid the real possiblity of yet further debt or dilution
 
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