We can come up with all sorts of speculative theories on to what's going on behind the scenes but let's wait to see what transpires...no OT partner will be making decisions based on updates, they will be up with the play and in constant contact with AGY, if they are serious then at some stage in the future, sooner or later, will likely come up with a binding offtake that could include funding and / or a stake in the Company..
As it states below they are focussing on concluding a preliminary OT arrangement for stage 1 and persuing more....the good news is they already have the equipment to produce 500 TPA and the pond capacity to produce up to 2000 TPA...
"The Company will now focus on concluding a preliminary off-take arrangement for Stage 1 product, subject to confirmation of customer(s) testing and product customisation. In addition, and with the PEA results being reviewed by potential off-take and/or strategic investor groups. Argosy will pursue advanced discussions with these strategic parties for potential full commercial or modular scale capex funding/investment.
Argosy will then look to make a decision on the scale of commercial development (pending funding) in the near term, to then commence development works for the selected production strategy."
(20min delay)