The SP is holding up quite well.
I did expect it to dip lower yesterday with disgruntled holders dumping, but it looks like after they read the announcement they realised that this is great news for AGY.
With funding sorted for S2 plant build plus left over funds for Tonopah exploration, we finally have a path to production.
I would like to see AGY drill and increase (double?) the existing Rincon resource this year. The size of the current resource has unfortunately turned prospective investors away in the past and if we doubled the resource it will help the SP move north.
After a few false starts I finally feel lithium sentiment is increasing by the month.
Perfect timing for AGY if the plant is ready for production by April-June Qtr 2022. All depends on how much Covid affects getting the plant built though.
Anyway, after a depressed 2.5 the only way is UP from here. The next few years are Bullish!
GL to all LT holders
AGY Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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