No wanting to the labor the point, but for the benefit of potential new investors; one of the reasons I have invested in AGY is quality of management. AGY just seem to make consistently good management decisions and very few blunders.
The company has squeezed enormous value out of the last cash raise; increased pond area, paid for drilling, built a heavy-duty pilot plant, paid consultants, expanded land holdings and undertaken marketing trips. Very little wasted dollars.
Hard to find stocks that don't splash money hell west and crooked while presiding over a stagnant project time line.
Allegedly JZ drives a crap car (I don't care if secretly [who knows?] his weekend ride, hidden away is a brand new Range Rover) - just an example of his awareness that AGY is a pre-revenue start-up and he needs to demonstrate careful husbandry of available cash, and minimise dilution.
It's one of the things I look for as part of my "which stocks to pick" investment strategy.
IMO DYOR
AGY Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)