Li-related News/Articles/Reports, page-8260

“Breaking ground" is an expression for commencing construction, and you know this. AGY started in February 2017, and ORE started in November 2012. Facts are facts.”


Oh dear.
Why are you comparing apples and oranges?
Yes, we started building 2 ponds, totalling 1 hectare, for the future pilot plant, in Feb 2017.
ORE was producing carbonate from its on-site pilot plant in 2010:

“Pilot plant scale lithium carbonate production commences”
“Lithium carbonate production has commenced at the company's test work facilities on the Salar de Olaroz. Over the past 18 months the Company has been developing the process route for treating the Olaroz brine”
https://www.aspecthuntley.com.au/asxdata/20101019/pdf/01109637.pdf

Ps. ORE raised $32M via placement in 2015 to help fund ramp-up. DYOR!

Anyway, this is again just a nonsense distraction.
ORE managed to get significant funding at an early stage - good for them - and had a fairly good run with their plant ramp up - again, good for them. They also have the luxury of a significantly higher-grade resource than Rincon. Good for them!

AGY has a different strategy, different resource, different options and different opportunities; the “unconventional” approach was the plan from the start; we all know that.

All your DD and you couldn’t see that you should have incorporated potential/likely delays into your expectations. When you “invested”, did you not look back on the 2016-2021 progress and evolution of plans/guidance..? Seems not.

…and I note that from the peanut gallery, even after the 2ktpa plant commissioning delays, there is “shock” and “horror” that we need some more funds to get over the line.
Not real shock and horror, of course, but something to seed some FUD and unrest about dilution etc..