Ann: President Macri meeting, page-45

Addressing sovereign risk and paving the way for a big deal

We know that AGY are in the final stages of an OT deal.
We know that JZ has been showing potential OT partners around the plant and salar.

We also speculate that a large partner (battery supplier to auto, or auto maker) wouldn't be that interested in a short term supply, but would want to lock in supply for > 5 years to feed auto plants when manufacturing starts to get into full swing (not the current numbers which are minor).

So, that implies significant investment in AGY.

If you are a large corporate thinking of taking a large strategic position in a resource located in a Argentina, what's one of the main risks?

Sovereign risk.

"AGY, we would like to proceed with the deal, but we want to know if the Argentinian Government is on board."

They might also want to know that further land acquisition will be viewed favorably by the government.
And if you were about to pump in a large sum of money, you might also want some cost saving measures or government support to help maximise financially viability.

When dealing with foreign governments, start at the top.

Did JZ need to make this announcement?
Why did JZ tell us that he has met with the President and Resource Minister?

..because he wants us to read the positives between the lines (not negatives).

Just my interpretation of the situation.

IMO
DYOR