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6.12% 5.2¢ argosy minerals limited

Dont get fooled by Hype, page-32

  1. burner_7
    293 Posts.
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    29/03/19
    11:51
    Post #: 37926869
    Wait so just saw the new announcement.

    100tons max per year! That's only $1.2m in revenue and I'm sure its going to cost them over $1.2m to make the stuff.

    Cash flow says they will burn $2m in this quarter which does take into account the increase in production costs.

    At this rate the company will be asking for more funds in 6-10months.

    Imo
    AGY Price at posting: 12.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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