I reckon it could maybe reach 20c if we were to receive the 10 ktpa approval today, but I don't think it would hold and would probably sink back to your 15 cent target within days. The current macro environment isn't supportive of any lithium company holding onto their gains from good news. At this point, it's probably a good thing that it's taking so long, I'd prefer to see sentiment turn a bit first, otherwise it's likely to get lost in the noise.....
Noting the dwindling funds, there's also a decent chance that a SP boost from the 10 ktpa approval would be stymied by AGY themselves, using any rally to conduct a cap raise to fund the never ending issues in the 2 ktpa plant.
AGY Price at posting:
9.9¢ Sentiment: None Disclosure: Held
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