Very sorry - they had 3.6mil last quarter and burn through 5-600k a quarter. So they have around 3mil left. I stand corrected - 5 to 6 quarters left to penny zero...
Look at Jerko or any of the team's history - have they ever raised debt financing for a project of this scale and complexity
Lithium price still low and they have no offtake agreement which they need before they can raise financing. Assuming they have term sheet signed tomorrow it would take a few months to close an offtake agreement and then another few months to close the financing - so where does that leave them. Will 100% be a cap raising prior to debt funding this thing.
I enjoyed the Crux Investor interview the other month - suggest all holders watch
AGY Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
