Lovely post, but I'm not sure what your latest waffle has to do with my post. I pointed out that Rincon Stage 2 is currently 2 years overdue (and counting), and that's objectively correct. Try to focus on what the company is doing, rather than what other shareholders are doing mate.
I know you love to dismiss any missed timeline guidance with comments like "delays are par for the course", but we all know that's not necessarily true. AGY broke ground at Rincon in February 2017, and are still struggling to progress beyond a few tonnes of production per month, despite over 7 years passing by. By the time they are at steady state for Stage 3 (12 ktpa), it will likely be 2029, if not 2030 (or beyond). In other words, you're currently looking at a 12-13 year development timeline from breaking ground at Rincon to achieving steady state of 12 ktpa.
Orocobre, the only other ASX listed brine producer, broke ground at Olaroz in November 2012. By June 2016, ~3.5 years later, they were producing ~3000 tonnes per quarter, equivalent to nameplate at Rincon. Therefore it's taking AGY/Puna almost 4 times as long to go from breaking ground to reaching 12 ktpa, despite supposedly being on the "fast track".
AGY Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
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