Imo it’s not the price holding up a deal (eg driving us to delay), it’s about other factors including duration, prepayment, co-funding, expansion etc that are bigger-picture issues - which JZ should indeed be focussed on in the best interests of the longer-term business.
Probably the most important component now is the shareprice, the higher the price any equity is raised at the better, everything else will be standard business practice and related to an index price.
That of course leads to a bit of a conundrum, if we had a separate offtake agreement for the 2000tpa and was announced about the same time as the environmental permit and/ or commencement of production ,then its likely the shareprice would likely get a good lift leading into any extension funding talks including the balance of the offtake.
As it stands the current stratedgy is to offer the total offtake offtake package to the successfull bidder so losing that opportunity provided by doing it in two stages.
The bottom line is all options will be well known by JZ and as the largest shareholder will be looking after his interests , hence ours and will be done with the longterm and minimum risk in mind ...the recent Lithium moonshot has certainly put the ball in our court and could lead to a change strategies , but production will start when ready regardless of what lies ahead for expansion.
Cheers Whisky
AGY Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
