AGY 0.00% 12.0¢ argosy minerals limited

Ann: Rincon Lithium Project - EIA Approval Granted, page-286

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    Yes Simon, A$100m. To be fair, I did say no more than $100m. If you actually go and add up the cashflows from financing activities from each of the quarterly cashflow reports from late 2016 when development commenced, you'll see that AGY have raised over $100m ($100.306m to be precise) since the Rincon project kicked off.

    They've probably got about $8m left on hand, so that's about $92m sunk since project commencement. Not a bad guess, huh? It's amazing what you can find out when you actually look at the numbers, rather than just believing the rampers on HC. Give it a go sometime......
 
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