I assume the price is tanking because they aren't producing and aren't selling and have a cash runway until Q1 2024.
AGY are going to need to capital raise and in this market, that's going to be at a discount.
Hence the selling.
P.S. - You might think the share price is undervalued but if directors aren't buying, it doesn't look like they agree with you.
Im looking for a re-entry but it will likely be on announcement of a capital raise or seeing directors buying.
General Discussion AGY, page-17299
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