Ann: Rincon Lithium Project Update, page-436

"...I've seen this same cycle at least three times now in AGY alone."

That's not a good thing. That's actually premise for major red flags.

"A recovery will be heavily dependent on market recovery if and when that occurs."

Sorry, but that line is straight out of JZ's playbook. Need to stop drinking his kool-aid. Back in reality, a recovery will actually be dependent on them being able to scale their operation. They've shown they're incapable of doing this, and as such when or if the lithium price recovers, they will still be in the same stand-still situation.

This crap about them focusing on "value-upside to deliver the 10ktpa project" is all utter nonsense. There's a reason why the share price is 3.4c.

Other than them delivering a 10ktpa project that won't work (1. because it's fundamentally based on a system that doesn't scale, and 2. they will never be able to fund it anyway), why is it only now after 5+ years of them being in strategic talks ("advanced talks" mind you), that they state "that is what the strategic groups are interested in".

So, years of talks and negotiations, even with the best lithium prices that we'll likely never see again, JZ only now tells us the strategics aren't interested in 2ktpa.

On the face of it, it looks like investors have been intentionally misled.