General Discussion AGY, page-17255

You make very good points. I agree it's a risky buy as there's definitely some indicators that it will go lower. I've got a decent bit of cash on hand to continue rebuilding my position if it does keep going lower, and as mentioned my next parcel will be 18 cents (if it gets there). The parcel purchased today is a bit of a hedge, as I still think that news could potentially drop at any moment. While the MRE probably isn't going to happen until Q1 2024, positive drilling results could be released at any time. Likewise, the EIA approval could also come through, dare I say it, imminently. I think either of those milestones would at least push us back to the mid-20's, so hopefully JZ can deliver soon (I won't be holding my breath though).

We're certainly not out of the woods and it's bloody painful to look at, but I still have fair value at 30-31 cents for the 2 ktpa operation alone. Therefore I'm of the opinion that a 50% gain is reasonable once the market returns to some semblance of normality, then the 10 ktpa expansion is the cream on top.

In the mean time, I think you're correct that we're heading to the teens. I think 17-18 cents is as low as it will go, but honestly this is nothing more than gut feel.