Why did you blank out the line saying that the company still requires separate capex funding for the 2000t plant? no point trying to hide a key negative.
The HoA is a "nice to have" but does very little to facilitate funding for the expansion. Upon a binding offtake agreement being executed additional equity and perhaps some debt finance may be available to the company. Right now they're limited to equity finance only I.e. a capital raise.
This would have been much more credible if there had been off take finance mentioned in the release, unfortunately it wasn't and the fact remains that Argentina is a tough place to be doing business right now given the sovereign risks that worsen by the day.
AGY Price at posting:
9.6¢ Sentiment: Sell Disclosure: Held
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