Originally there were 115,384,615 unlisted 25c options. There are only 79,497,064 left. So nearly 1/3 of the 25c options have now been exercised which has provided AGY with nearly $9 million. It looks likely that most of the unlisted 25c options will be exercised well before their due date at the end of October 2022. Along with the listed 20c options that will be exercised at the end of March 2022 AGY could be sitting on a nice pile of cash within 10 weeks time. Enough cash to commence works for a 10,000 tonne expansion. Enough cash for some serious exploration at Tonopah. Enough cash to show they're not desperate for a funding deal for the 10,000 tonne expansion unless it's a deal too good to refuse.
AGY Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
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