'Best remember the 2k plant is Punas responsibility and was not intended to be funded by potential customers.'
What do you mean by that mate? To my knowledge the 2ktpa plant had always been intended to be funded by a partner along with an offtake. A favourable deal could not be made (if you buy that excuse from JZ) therefore their hand was forced to raise the money themselves.
From August 2020 (3.5yrs ago):
'I'm personally not convinced a tier 1 customer is earmarked as Company guidance went from 'finalising tier one customer' to 'finalising the process for tier one selection' (or words of that effect).'
I also quote from the June investor presentation, "Off-take currently quarantined for strategic process"
Wording changes too often, one can assume to keep it vague, as nobody actually knows what stage they're at. From memory they finally did admit to customer pending approvals of expansion. Correct me if I'm wrong, I can have another look later.
IMO DYOR
AGY Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
