AGY

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9.3¢ argosy minerals limited

General Discussion AGY, page-17467

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Poohbear

3,309 Posts.

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13/09/23

12:01

Post #: 69839361
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Originally posted by Rob826: ↑

Fake news mate. Here's why:

We know that the 20 tonnes of lithium carbonate was shipped to YNCC so they could complete the supplier qualification process. As you pointed out, AGY's 20 tonnes of LC was exported on 20 Jan 21. The journey from Antofogasta (Chile) to Busan (South Korea) by ship typically takes 25-35 days. This means that the 20 tonnes were still at sea at the time that construction commenced (late-Jan 21). The shipment was also still at sea at the time the cap raise was conducted on 08 Feb 21. So it couldn't possibly have played out as you have suggested.

Let's dispel more opinions passed off as facts:

1. No, institutional investors could not have confirmed that the product had been certified, because it was still sitting on a container ship at the time.

2. No, the timing doesn't indicate that the outcome of the certification was positive. As noted above, our carb was still on a ship at the time these events occurred.

3. YNCC has never been confirmed as the "offtaker", nor were they in a position to "give the thumbs up" because they hadn't even received that product to qualify it yet.

For future reference, the typical lithium supplier qualification process is 3-6 months long. Even if AGY decided to fly it to South Korea, the process still couldn't possibly have taken place in that amount of time.

Please stick to the facts, because this is just getting ridiculous.

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No Rob, the qualification process did take 6 months before we got any feedback. I remember vividly it was discussed. They actually made batteries out of our product and tested it. GCar could confirm this, I can’t find the relevant discussion.

AGY Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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General Discussion AGY, page-17467

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General Discussion AGY, page-17467

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