Some of us aren't just chasing the short term price, unlike yourself.
I really don't care too much what the price action does over the short term, and many others are in the same boat.
We have a resource. It is smallish but we can grow it easily. Equally importantly, we have a proven and scalable and economical processing solution. We have a Li brine veteran leading the process. We WILL get to full scale commercial production imo. Time and money is all it will take.
Mitsubishi like our product. It doesn't matter that the current OT is 100t, 10t or 500t.
They have spent 12 months + investigating and testing and want a piece of it.
When we can produce more, does anyone really think that they won't want more..? Really.
The South Koreans want in. The want supply, we need money to build a large plant. Negotiations take time. Where else are they going to go..? Really? Where? No-one new in the brine space is ahead of us. If they buy spod from hard rock supply, they need a converter and all the cost and headaches that go along with operating one.
It is not simple.
Buying carbonate or hydroxide "ready to go" is what they want. We can give it to them.
It is only a matter of time.
I don't care much for traders scalping pips here and there, especially when they come and try to talk about fundamentals as though the short term price action is driven by fundamentals.
Just look at all the fearmongering and garbage "analysis" spread by the insto's and "experts" over the past year. Agenda-driven FUD designed to part retailers from their cash. Simple.
Some traders try to get in on the game too. FUD talk when they want an entry, change their tune or simply go quiet once they hold. Seen it a million times. FUD talk when they are short.
Sad really, imo.
I just look at where I think we'll be in a few years from now and if it gets to 8/7/6/5cents in the meantime, I'll just buy more. When I have any concerns, I simply contact Jerko and I have not been left disappointed yet.
It would be nice to be at 30c now, but given time we will be again, and much higher when we are in proper production. Imo it's not if, it's when.
Gltah especially those that have been around for a couple of years or more, showing great forsight into what is to come!
AGY Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
(20min delay)