Haven't resorted to do my thinking in the shower yet but it seems a good a place as any....basically AGY needs to get a source on income in the relatively near future as our cash situation will be down to around $2.5 M by the end of this month, if this Quarters spend is as expected...there shouldn't be any capital expenditure left with stage 1 so the March quarters spend should be relatively light, but it's always nice to have a buffer when it comes to cash, you can never have enough, its easier to negotiate from a position of strength...
It matters little at this stage how they proceed with the project , that will be revealed over time but they do need to get a Stage 1 OT in place during the March Quarter at least IMO , get some cash flowing and de risk further, fortunately that seems very likely....
Cheers Whisky
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