Until the JV Agreement on Rincon has been signed sealed and delivered, we will not have transparency and continue to guess. We know how tight ASX are on forward looking statements or when a deal is yet to materialize especially on the juniors (we can thank Padbury for that) . In saying that, I feel a done deal should not be far away as i'm sure Jerko's trip to Argentine recently was not just to eat steak. (Rincon project update released on 10-8-16 describes progress to a definitive agreement)
Hopefully the market recognizes the value of this deal. While others are at 1st base exploring, we are at 3rd base converting Brine into LCE. I believe an announcement on a formalized JV deal is accompanied with a detailed update on Rincon, timelines and the way forward.
AGY Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
