AGY 8.70% 5.0¢ argosy minerals limited

You'll have to wait for the next quarterly report, as JZ hasn't...

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    You'll have to wait for the next quarterly report, as JZ hasn't provided any specifics on workforce reductions, spending cuts, or other cost-saving measures. Currently, all we have is a vague "we're tightening our belts," but what that actually means is uncertain. Personally, I estimate around $4m will be spent next quarter, with costs progressively decreasing each subsequent quarter. Nonetheless, I believe another cap raise will definitely be necessary within the next 12 months, and more likely within 6 months.
 
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