Perhaps you should read/ re-read the announcements…?
It is clear that the company has been negotiating a strategic partnership that includes funding for expansion, in addition to product offtake.
It appears that all of the BG carbonate produced to-date is earmarked for the eventual partner; which afaict will be used for the qualification process (probably with extra tonnes also, for “beyond” qualification).
This makes perfect sense.
If an entity is seeking a partnership that includes supply, imo whenever said deal is finalised (or the appropriate part of said deal is finalised), they would want significant amounts of product to test asap.
Afaik this is exactly what is going on - the product is “quarantined” until the partner/offtake arrangements are finalised, where it will then be supplied (sold) to that partner.
It is really very simple.
…and it doesn’t really matter what “season” it is, or who else is doing deals… AGY are working through a process and the specific details of what factors exactly are extending the partnership/offtake negotiaitons are not public knowledge and will probably never be. That is not unusual imo.
If the Puna team was sitting around twiddling their thumbs (simply burning cash) waiting for a deal to trigger some activity, then the protraction would be a significant issue; but they aren’t, so imo it is not.
“If AGY cant get it done now, how will they ever do it?”
I presume this is rhetoric with the intention of implying that no deal will ever be done….?
You can’t be serious, surely?
Imo
Dyor
AGY Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held
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