Ann: Rincon Lithium Project - Progress Update, page-169

"Our Expectations were given by their inadequate choice of words."

I think our expectations were set by their inadequate grasp on the complexity of scaling and commercialising the process.

Confident. Cocky. Lazy. Dead.

I'm not saying AGY is dead and gone, there's a chance to rise from the ashes, but there's got to be a pretty significant change in the way things happen given strong correlation with the process and timelines...

Confident they could produce high grade product.

Cocky when they do that, despite being non commercial quantities.

Lazy when they decide to abandon getting the pilot plant to nameplate.

Dead, currently, evidenced by the fact they've had to call in experts, it appears the whole process and circuit is deficient, and there's no clear path or timeline that will guarantee the outcome everyone demands.

I've been saying for a few months now that there needs to be a Plan B.

Every day, week and month that goes by without a breakthrough is a day that this company gets closer to permanently damaging any remaining credibility.

1.4 Billion shares on issue.

It won't stay there forever unless something drastic changes.