RE; 11 months funding left - I'm not sure of DFS costs, by the sound of it it's very expensive. If it's anywhere near what @Rob826 has alluded to (AU$16-40m from other companies) then IMO they'll have to raise shortly if they want to get it done this year (as per their timeline).
TBH if they're expecting the DFS this year, then reality is we can expect it in 2026 at some point. So we'll see how far along they are and what they'll need to spend on it. If no raises happen, then we'll have a good idea that they're not progressing the DFS as planned.
This of course isn't including all the other upgrades they want to do with the resource and of course the 10ktpa engineering reports which I'd imagine wouldn't come cheap either.
Happy that they've pulled their heads in and substantially reduced Puna payments. Still not sure why they're getting that much and what they're doing for it. We'll have to also see how long these reduced payments will last. No announcement from either entities regarding this which is a shame - it would have been at least one thing to assure the shareholders of, with what the agreement is between AGY and Puna with regard to on-going reduced payments for cash preservation. But then I suppose Puna don't want to be stuck having it on record.
They're not transparent like that though.
GLTA
AGY Price at posting:
2.9¢ Sentiment: Sell Disclosure: Held
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