AGY 0.00% 3.8¢ argosy minerals limited

Ann: Quarterly Activities Report - December 2023, page-19

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,382 Posts.
    lightbulb Created with Sketch. 349
    "In addition, following recent dialogue with the Mining Secretary and key Salta government officials, the regulatory process is expected to be finalised during Q1-CY2024, with official approval from the Mining Secretary expected."

    They've been promising the 10,000tpa expansion approval for the last 18 months but this is the strongest language they've used. I'm sure management aren't that stupid to say this unless they've got it straight from the Mining Secretary.

    Their financial position is better than expected so there's no need for a capital raising in the short term.

    If they can resolve/improve their production issues and get the expansion approval, it's going to be a big two months coming up.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.