It's just the market waiting for proof of the production plant ability to increase production. I know I'll be buying more AGY stock as soon as there's a ramping up in production. I thought AGY was quite stable compared to the majority of the ASX lithium stocks yesterday.
Judging from the timing of previous announcements, the progress update will come anytime between mid June to the end of the month (probably the latter IMO). This timeframe coincides with the end of the financial year (when the market is usually in the red) making it an excellent time to top up at discount rates. Money in hand, horses on the starting grid.
