AGY 2.38% 4.1¢ argosy minerals limited

I am new to this and I am learning, however I can read, so I ask...

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    I am new to this and I am learning, however I can read, so I ask why the following extract from today's announcement is not positive news. I see JORC and OT being the key takeaways.

    In addition, the Company is nearing completion of works to produce a Resource estimate for the Rincon Lithium Project - to be reported in accordance with JORC 2012 requirements, is progressing on works to prepare the Preliminary Economic Assessment, and progressing with a major international group on the Stage 1 off-take agreement.

    Is it because everyone was hoping for every announcement in one day " Yeah ok, I was too". Maybe the donkey belonged to the guy tuning on the gas!

    GLTAH, DYOR, LEARNING
 
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