Ann: Quarterly Activities Report - March 2025, page-18

Do you think they have absolutely any realistic chance of gaining funding for a 10,000TPA plant by the end of this year?

Do you think there is any chance of a massive revival in lithium prices before the end of this year? If you're actually unsure, note that lithium futures are still trending down.

Do you think there is any chance of not needing external funds to keep the office lights on before the end of this year (or even before the end of next quarter?)

Assuming they do a CR this quarter or next, do you think there is any reasonable chance of it being well received by the market and done at a favourable price?

As gcar tells us, this game is very difficult and you're stupid if you don't expect problems and delays, even for a well-funded massive mining company backed by huge teams of experts etc, which AGY isn't.

The fact that AGY is leaving the CR so late shows they're desperate and struggling to get it done. They probably have less than two quarters of funds remaining (Rob gave a nice summary there), this report shows that. They're either holding a golden ace up their sleeve or they'll be forced to go through with quite a nasty CR very soon. Holding right now is either a game of ostrich or a bet that AGY does indeed have a magical golden ace to play. Given AGY's history...

It's funny stevo accused me of changing my story ever day. I was bullish for a few years up until a little over two years ago, then I was expressing concerns for a few months (and being ridiculed for thinking they may not actually have everything under control and being concerned the 2,000TPA plant may fail, you all know who those mocking me were! The leaders of your cheer squad now), and then I became outright bearish and the price has tumbled that entire time.

If it makes people feel better, hey, shoot the messenger (or rather, their posts on Hot Copper). Whatever helps you sleep at night.