AGY 5.26% 3.6¢ argosy minerals limited

General Discussion AGY, page-23453

  1. 5,557 Posts.
    lightbulb Created with Sketch. 2205
    Honey, sweety, the share price is 3.6c, you're still ramping, and you're telling me, the guy who a year ago was expressing concerns and looking for the door, and sold out at multiples of the current price, and recently at more than double the current price said I was was sure catastrophe was imminent, I'm out of my depth. Does anything about that tell you something may be wrong with how you're assessing things?

    What price do you think the 2,000TPA needed to be viable?

    What price do you think the 10,000TPA needs to be viable?

    I have high confidence that a 10,000TPA plant would be more efficient than a 2,000TPA plant which actually worked. But, if you spend years building a 2,000TPA plant and can't get it working and stop trying because the commodity (yep, it's a commodity) price is too low (really it's because they just can't get it to work and the commodity price is the best excuse they could come up with), it's absolutely insane to say the solution is to build an even larger plant to chase what would probably be a marginal (relative to commodity price fluctuation) increase in efficiency.

    You just don't invest hundreds of millions of dollars building something which you could never get working before, hoping for an improvement on efficiency which you never managed to get a baseline on, because you already claim that the baseline level efficiency is not viable... at a higher price than when you obtained funding to build your initial commercial plant, and the commodity price is unpredictable and volatile... and you now claim it was not planned to be a commercial plant, even though you explicitly said it was!

    The desperation and gaslighting is phenomenal!

    And you ended your post with "Wow! Out of your depth much?"
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.