ps. you do seem rather confused actually, with comments like this:
"
If proceeds of sales are going to Puna, and will never reflect in AGY's balance sheet - AGY will always be running at a loss on paper, as Puna financials are not public knowledge. This bodes extremely bad for the public image of AGY and it's investors, when they're able to hide a crucial part of the balance sheet."
Why on earth would AGY "
always be running at a loss", when - eventually - proceeds of sales WILL actually be reflected in AGY's balance sheet, as I explained earlier.
Puna's profits will eventually flow to AGY, as per the ownership split. Simple.
Until then, why on earth would Puna Mining SA distribute sale proceeds to AGY, only for AGY to feed that straight back for development...? To make it easier for you to understand what's going on? wow.
A "feel-good" for shareholders who can't assemble and assess basic information...?
...and that's not even considering any company tax implications of such pointless money-shuffling.
Do you not understand what you are invested in..?
iirc YOU were the one who missed this clear point (twice!) in the quarterly, yet the company is apparently busy "hiding" revenue from product sales???:
oh dear.
(20min delay)