RE:AMY.V / AMYZF American Manganese Inc. Announces $1,500,000..Anyone recall which was the podcast where Larry indicated similar to: "They don't intend to go back to the market for finances, however, if management needs to do so, they will".
I presume this was after the oversubscribed financing around March. That said, when I heard this from our CEO, I knew to be prepared for another trip to the market. Heck, I was pretty sure another financing of some sort was going to happen, as I doubted the initial pilot plant costs would line up as desired. After all, it's a pilot plant! Financial calculations for those things rarely line up.
Add in delayed pattent approval(s) and expensive business marketing trips, etc., well.. dollars get burned up for operations.
Sky