AGY continues to outperform and exceed expectations on its Rincon project developments unlike many other small cap explorers who jumped on the Lithium bandwagon 6>18 months ago. From a company that was a 2>3 mill cap when i entered in January 2016 to now on the way to producer in the Lithium hot space that has taken the globe by storm as companies and investors look to get set on a huge industry and squeeze with an under-supply of Lithium. AGY though keeps delivering to put it and shareholders in a position to take advantage by advancing Rincon to production beyond what holders had hoped for. Today's announcement see's stage 1 plant capacity increase from 150tpa to 500tpa while continuing to move at quick pace in constructing stage 2 ponds while also well drilling to commence. Initial stage 2 ponds excavation works will be completed soon which will be followed by pond lining and then well drilling to extract lithium brine for pumping into evaporation ponds for evaporation which will see this 1st set of stage 2 in full effect by end of this month.
Amazing how this company has grabbed this lithium opportunity and hasn't hesitated or looked back and gone full steam to fast track to production and get funding in place. By picking the right opportunity in Rincon with Pablo and in the hot space for lithium production Argentina we have been taken on amazing journey by our board and i have never seen a company move at this pace in delivering for its shareholders. Plus there is more as AGY with its Chinese strategic investors looking at jointly developing lithium projects in China that could see AGY outperform even more and set itself up as 1 of the bigger lithium players not only on the ASX but globally in time.
AGY Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
