Astute observations.
We all want the answer to the question “why hasn’t a deal been done?” Given recent announcements ( last quarterly) staying in principal agreement save for a few pesky details, we all thought end of February at latest.
Clearly a deal wasn’t possible, I am assuming terms and price were too far apart.
These deals are are never simple, particularly when the customer can see they are buying product from a start-up not an established supplier - they will want a discount on any financial transaction.
Time is on AGY’s side regarding the growing short supply but not regarding cash in bank.
We wouldn’t want AGY to sign-up for a second rate deal.
We need to be a little bit cautious that AGY haven’t simply put cash in the bank to cover the period between signing and settlement because that could mean an announcement any day.
IMO
DYOR
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