Ann: $30M Placement to Fund 2,000tpa Production, page-185

You don't get it.
It's not about "surviving" for more quarters, it's about getting on with the damn task of building the 2ktpa plant.
We needed 10's of millions to do that. Now we have it. Now we can get on with the job and be in production next year.

As for your chart, it shows exactly what I noted - many instances of HUGE divergence and price offsets.
Do I need to specify the timing for you?
May 2020: AGY up over 40%, GLN rose about half that with 2-week delay, AVZ nothing.
Oct 2020: AVZ up 40%, AGY flat, GLN down.
Nov 2020: GLN tripled in sp, AGY and GLN up circa 50%.
etc.

You call that lockstep? LOL


Your "theory" that we just keep waiting until the sp is higher and then do a CR was wishful thinking.
In the push up from around xmas, AGY rose more than others, and it retraced more as the heat came off in the past month. SIMPLE.
Your expectation iirc was that it would still be above 20c now, perhaps well above, allowing us to raise $$ at +20c....?
Yeah Nah.



Since the CR and the insto games, we'll NEVER know what might have happened if there was no CR, however, it is clear as day for those that are looking, that your expectation of a continual increase in sp was never a sure thing (like I pointed out at the time), and based on the action of the sector, IMO there was NO way we would have held onto that large increase from 19th/20th Jan whilst most Li-related companies were falling for the next month.
It's simple - you were apparently expecting further increase in AGY sp from the circa 20c level.... who else increased since then??????

I am not hammering home the point that you were wrong - we all get it wrong often - I am simply noting that you were so "sure" of what was going to unfold and STILL cannot admit that such "certainty" is nonsense, along with the company-bashing you were doing with claims of JZ "shafting shareholders" etc. Utter nonsense and time has proven my point.


"So we have many quarters left to see who is right."
NO, we don't. The playing field has changed. The circumstances have changed. We now have 2ktpa plant funding and insto's on board. What plays out from here does NOT represent what would have played out had there been no CR. It is nonsense to claim that it does.
The last month's action (downturn) across the broader sector shows you were wrong to vocally and repeatedly bash the company and claim we simply should have waited another month to do the CR at +20c. There was a clear trend change in late Jan across all/most Li stocks. Blind Freddy can see that, and Simple Sally knows that we would not have been ++20c in early March if the CR was not announced.

Stop trying to blame the company for your pip-flipping trades not going to plan!