Ann: Rincon Lithium Project - Progress Update, page-53

For me, I see the update as an attempt by JZ to tell us what the status is and is not made to bolster the SP, which has never been his purpose. He is not going to run away and that is what is important. The Argosy/Puna team is wanting to deliver a sustainable productive business for the long haul. If all we need is to see another 80c run in the very short term, this stock is not for us. If we did not sell when the SP was at its highest in Feb 23, it was our fault, not JZ. Most of us whinge because we missed the chance. It is our investing decision.
Now, to current reality. IMO, from the update, the EIA approval can come anytime now before Christmas Day. The MRE is being finalised and may be announced by month-end at best but more likely in January. They continue to work on improvements in production operations and chemical process so to look to be at ramp up 1qtr2024 is a target. Good enough for me. We are still ahead of other players who are still to build their plant and only have their MRE's to rely on. Go figure.
The EIA approval leads to another milestone that can come soon after: the announcement of the strategic partner and offtakes.
The next ann will be a trading halt IMO. Until then, there is time to buy at 14. I can't get my order filled, I don't know why. If the instos read today's update, they are reviewing their positions. The time to see activity would be close to this afternoon or even at auction. Am expecting my order to be filled before then. Either way, it is good news very soon.
No negatives in the update except if you are a short termer. AIMO