Ill take a guess at $10m to fund stage 2. A CR but not like the recent one. More like the strategic investment at 3c last year.
I dont want to poop on the parade but Im keeping expectations to a minimum until the details are released.
I cant see any stage 3 funding until stage 1 is proved and a JORC to prove a resource is done but in saying that it could be a deal with stage 1, 2 and JORC targets.
It could even be done via Molyneux's contacts and not Airguides. He is close to Hopu investments.
The more I write the more I realise I dont have a clue what it will be except the best deal for shareholders as management are holding so much shares without taking a salary (bar Zuvela).
As a long term holder I would love to see them self fund stage 2 so as to be in the best position possible to negotiate a deal for stage 3.
AGY Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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