On a quick stopover in Syd on way to Melbs for w/end and was pretty pumped to see the Ann on landing…
Mgt just keep delivering and will be presenting AGY to (hopefully) some big fish in Asia over coming days… Honestly, unless you desperately need the $$$ selling now should not be an option when you think about what is unfolding here IMO
In response to your query above Leon:
Initial Stage 1 ponds (1.25Ha) that have been evaporating since April/May is only going to net roughly 50t of LCE. They held off building the remaining S1 ponds (total of approx 3Ha) as they were in the process of securing the Mina Reyna tenement which was the ideal location for evaporation ponds being off the salar.
So this initial S2 pond development of approx 10Ha will pick up the remainder of the Stage 1 targeted production of 100-150t that is as of y'day now 500t. This will fulfil the 2018/1st year off-take agreed upon with QQ…
Exceptional work by Mgt to put the company in a phenomenal position for future growth.
PS. My only gripe is why this pic wasn't included on Ann (maybe because it is a week or so old)
AGY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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