AGY 2.38% 4.1¢ argosy minerals limited

Ann: Quarterly Cashflow Report, page-4

  1. 1,883 Posts.
    lightbulb Created with Sketch. 77
    Wow! Some other companies should be taking notes!

    - $15.2M in the bank
    - $1.9M outflows projected for the next quarter - $1.4M of which is development - and
    - only $300k admin/staff costs (!)

    So at current cash burn (let’s round it up to $2M and assume the dev burn remains that high) they are fully funded for the next.. ~2 years..??

    Who wouldn’t want to invest in a company that may never have to cap raise ever again..!
 
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