AGY 30.6% 3.4¢ argosy minerals limited

Why did you blank out the line saying that the company still...

  1. 171 Posts.
    lightbulb Created with Sketch. 80
    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.


 
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