General Discussion AGY, page-19931

Based on recent cash burn, AGY's funds will run out by the end of Q2 2024 (late June). No MD waits until there's a risk of appointing administrators; if they're going to do a cap raise (IMO it's highly likely), it'll probably occur in late-Q1.

Based on peer comparisons, there's a good chance that the resource update won't move the needle much at all, and there's every chance that the filtration issues could take several more months to sort out. Assuming that occurs, it's certainly possible that AGY could slide towards the 10-12 cent range by mid Q1, particularly with the seasonal weakness of Chinese New Year (early Feb 2024).

Even if AGY can get the filtration issues sorted very soon, it's going to take a while to ramp up, and we still won't have any income because we don't have an offtake. So even if they could magically get it to nameplate by late Q1, there's still no income to avoid a cap raise. To avoid a cap raise (or debt), AGY needs the 10 ktpa approval ASAP so that the funding/offtake partner will sign on the dotted line. Until that occurs, there is no income regardless of how much they can produce.