Ann: Rincon Lithium Project - Progress Update, page-39

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19/04/24

11:20

Post #: 73422581
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Originally posted by pierre23: ↑

Yes this doesn't instill confidence (like we needed another thing to worry about). We've been led to believe that the deal was all but done, just waiting on the expansion approvals. But now they're 'refocusing' on the strategic partner process? Wtf lol.

Now getting an investment bank involved to do the leg work for them? Has JZ not been sitting down with prospects for the last 3-4 years? Wtf has he been doing. Seriously the string-along stories have to just stop.

"cloths being hand washed now to bring our total to 81t?"

Seems like they're taking advantage of the cheap labour over there, instead of bringing in competent technicians/engineers to get this thing working. I'm wondering if we're to assume it's going to take another few months for new cloths to be ordered and delivered. You'll also note more things are breaking - the primary cooling station needs repair now too.

The way things are looking and progressing, we'd be lucky to get to nameplate this year at all. Hoping the approvals aren't already priced in, and will be the catalyst for a good pump. I'd be surprised if it moves much over 20c though, offtake will be the real catalyst (depending), but now looks like goal post has been moved for that and we'll be waiting longer.

And we all know how long it takes these guys to get any detailed engineering done. Gcar is an engineer with an expertise in lithium and all things, AGY need to stop being so tight and fly the bloke out there to save the day.

I suppose the feasibility upgrade has been put on the backburner now too, too much on their plate lol! Mr G. can also pump the upgrade out in a week while he's there.

IMO DYOR.

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yeah, disregard the first few lines of the paragraph....

AGY Price at posting: 13.3¢ Sentiment: Buy Disclosure: Held
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