I feel like some institution or a fund alike is playing with our share price and emotion with a hidden agenda. They know the sentiment is currently very weak amongst many long term shareholders, and due to the delayed imminent news flow from the management combined with the weakest Lithium sector sentiment this year, there are no buyers stepping up to catch the falling knife that should not have fallen to this crazy level IMO. The movement in buy and sell side and the increasing short positions suggest someone is desperate to cap the share price and frustrate holders into handing out their shares for cheap.
Despite some delays in meeting the milestones, AGY is making real progress in Rincon and is producing tons of BG quality Lithium while fine tuning towards continuous production. If I were to invest in a ASX listed Lithium company right now that has lower risk and higher return, I would happily buy AGY for it's progress so far. It is so close to becoming a second ASX listed Lithium carbonate producer, and the current share price (valuation) does not justify it's true value IMO.
There have been many ups and downs during this journey, and I believe this will be the last time we will be below 20 Cents (Unless we have major issues during the commissioning phase). Once the sentiment is restored, loose hands or the smarter investors selling now and the manipulators are done, we will rise to true valuation.
Good luck and best wishes to anyone selling now and to those buying this cheap and holding tight to ride out this tide.
Cheers.
AGY Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
