So how am I wrong. Please explain? Do you honestly think AGY will capital raise at more than say 30c in the current market? There is no expansion approval. We don't know what Puna's arrangement financially with Argosy is in the binding contract. We know they have water issues. Leaking millions of dollars on spending. The quarterly financial statement os misleading to the ASX as to how many quarters of funding left; at the current spend rate the company will be flat broke in a year. AGY pegs it money to the US dollar which helps, but Argentine inflation is out of control. Sounding pessimistic I know. But so is the share price, for now, very good reason.
AGY Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
