AGY 8.70% 5.0¢ argosy minerals limited

Ann: Quarterly Activities Report, page-2

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    Rincon withstanding, I think it's fair to say Zuvela has been working on Mt Paris and MacGregor and we can expect announcements on exploration/budgeting plans sometime this quarter. These projects can work concurrently with our Rincon project in the marketing of the company.

    Another capital raise is inevitable, but I feel like our management (which has 10% of the issued shares) has strategies to avoid dilution. Another raise at a premium isn't out of the question with Molyneux's Chinese contacts.
 
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