Think you need to be careful with throwing the market doesn't seem to buy this ann comment. A few things I think you're ignoring in a few of your statements, so hopefully I can provide some clarity.
1.) Market doesn't seem to like the ann - AGY has been bullied and beaten to a pulp over the last 18 months and with that comes with a significant loss of interest. This announcement would only resonate with those that have been following the story. Unfortunately, this isn't a Li flashy head like significant hit blah blah that catches the eye of traders. For all they know this increase to10ktpa could be a mere 2 ktpa extra, which wouldn't be that much.
For me I think that it will take a few days for this news to fully be understood. The ability to produce 5x more Li now is a significant business maker regardless of existing issues with filtering. Market is forward looking.
2.) AGY have only made 81 tonnes to date. I agree, we all would've hoped this to be far higher but what you're missing is how much did they put in to begin with? Anyone that knows anything about ramp up production knows that minimal products are used to make sure that the process is seamless. They could have wanted to produce 20 tonnes last month and produced 14 tonnes. (70% success rate, which means if they turned it to scale we could be in the 3 digits however, the waste would be huge.
What is important to me is that they made 14 tonnes in the last update out of a total 81 tonnes. 17% of there produce over the last 18 months was made in one month. Seems like things are clicking.
Full disclosure I bought back in today. Was around 2 years ago but for me this was the bigger ticket. Building the 10kpta extension will take years. The process will be ironed out by then .
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