It is the same aquifer that RIO will be drilling into to for their results - which looks like it is only 500m or so away from our operations.
If you think about it, drilling into the same resource that AGY used to prove up their resource really is the best way for RIO to almost guarantee good results.
Stating the obvious here, but a number significant results are needed ASAP. Continuous production, 10ktpa approvals, strategic investment partner, initiate the next 10ktpa expansion process etc etc etc.
Irrespective of whether we want RIO to buy us out or not, we will both be drinking from the same cup, and we need to be operating at a scale that threatens their investment for them to act defensively and make an offer.
We will be out gunned in every aspect apart from (presumably) first mover advantage, so any offer (if one is made) should put pride to the side and be thoroughly considered.
Watch the video at this link, take theatrics out of it, the facts are the facts.
https://hotcopper.com.au/threads/agy-rincon-plant-progress.6121067/page-597?post_id=69292638
AGY Shorts, page-423
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $61.14M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.3¢ | 4.1¢ | $14.82K | 354.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1377270 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 141862 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| AGY (ASX) Chart |