They don't have 11 quarters of funds left mate. The financials are pretty convoluted and the "estimated quarters of funding available" does not take into account a lot of large outgoings - mainly the millions of dollars of payments to Puna each quarter. They had $7.3m as at Sept 30th. On-going quarterly payments to Puna total anywhere between $2.5-$4m per quarter. This, plus the normal expected expenses mean they have 2-3 quarters absolute max from the Sept quarter.
They haven't been transparent with their 'cost reduction plans' (no surprise), so we don't know exactly what they've figured they will be saving by going into C&M and laying off most of the staff, or if any other plans to reduce expenditure.
Either way, we'll get quite a few CR's this year and the first one should kick off very shortly.
IMO DYOR.
AGY Price at posting:
2.9¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)