He should realise too, if he is a real expert on AGY, that the expenditures are not entirely operational costs but are for work related to the 10ktp plans and initial costs in order for Puna to be a step ahead of the receipt of the EIA. There too are expenditures for the 2 Rotary wells and the 5 drill sites which were completed during the quarter. There too were expenditures to comply with environmental guidelines and the facilities that were completed to ensure community and employee welfare. Many of these expenditures are not ongoing.
AGY Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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