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Re: Traderfan post# 3513

Friday, 05/18/2012 2:33:14 PM

Friday, May 18, 2012 2:33:14 PM

Post# of 4691
Oh TF, that was a major highlight of the c.c.: Larry went on record in no uncertain terms to say that AMY would NOT be doing any financing at low s/p and that they would NOT be granting any options, and that they would be implementing stricter cash-control policies, mainly focusing on 1) EMD/CMD/LMD, 2) process optimization to bring down Capex & Opex costs for the project, 3) submitting a mine plan to the state, and 4) he suggested in so many words that they would be focusing on non-dilutive financing options. But they have enough cash ($3M) to last them through the rest of the year.
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