Mean while, getting back to talking about AGY .... Thought I'd share this little piece of info I've collated on AGY's progress over the past couple of years.
Column 1 Column 2 0 Dec Qtr 2016 By end of Dec 2018 Qtr 1 Started the qtr with $344k cash Started the qtr with $2.182m cash 2 By end of qtr Rincon tenements totalled 460ha Rincon tenements now 2,794.4ha 3 Site works began on the first ponds (1.25ha) ~38ha of ponds 4 Pilot plant development plan was approved Pilot plant complete with capacity of up to ~2,000 t/pa 5 Process proven with 99.5+% BG LCE produced 6 JORC and PEA complete 7 Note: JZ was appointed MD (previously a Director)
Financials:
Column 1 Column 2 Column 3 0 Total Cash (inc funds raised, interest, etc) 1 Resource Development 77% 2 Business Administration 13% 3 Cash Balance 11%
In 2 years (9 qtrs) AGY have, IMO, very economically and swiftly gone about building a viable lithium producing venture.
Yes, going into this quarter, the bear in me is focussed on cash at hand getting low, but the bull in me looks at expenditure over the past 9 quarters having been shrewdly and responsibly spent, and my conclusion at this stage is that this savvy financial management should continue.
The bear in me is cautiously flagging the long anticipated OT and/or ST deal/s, but the bull in me remains confident that management will deliver on this (based on both historical performance and my own ferreting around and analysing all the information to hand).
General Comments & Banter, page-11754
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