AGY 2.50% 4.1¢ argosy minerals limited

Ann: Rincon Lithium Project - Progress Update, page-87

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  1. 791 Posts.
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    i think in the bigger scheme of things, with revisionism at its peak, we can all appreciate achieving continuous nameplate production is not easy and it will take time to perfect. so logically speaking, if we take emotion out of it, i think we can all understand we need to be patient in getting this right.

    however, I believe the issue with frustrated s/h is that despite this knowledge of ORE taking time to get their plant up and going which has been public knowledge for a long while and is being sprouted a lot lately, AGY management still put out many times what was clearly over-optimistic and unrealistic time-frames for completion of plant and commissioning, which the majority of the s/h base believed.

    Yes I am happy to wait a bit longer as long as I can see progress, but many that are conveying the point that its very complex, not many have done it, and we need to he more patient, it will take longer etc, werent saying this when the company had indicated their own timeframes that clearly didnt consider ORE's timing.

    Im not taking a dig at anyone as I have also had to recalibrate my own expectations, but I think there are many here that are pedalling the comparisons to timeframes of other proven lithium producers (albeit not many) need to get off the highhorse as none of this was mentioned prior to 12+ months ago.

    As I say, revisionism at its peak, but it is what it is. we move.
 
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