I've noticed the markets are positive on lithium and possibly is the second phase of the lithium supercycle and it is having an impact on only quality and demonstratable lithium juniours. BGS 50c, kdr 68c, EMH 50c, CXO 9.5c.
Quality and Speed to market is very important.
AGY needs to demonstrate measurable results. Dont be too slow.
Regarding dilution, I am set in my mindset. Dilution at this stage is not in shareholders interest. Your selling your comapny to cheap for the pent up potential and after all this hard work and its very early stage for AGY.
For example, AGY = 1,000,000,000 shares on issue that equates to $10m market cap per 1c increment. The valuations run up very quick. At 10c, it si worth ~$70m.I don't run my business like that. Not now, management need to find a stratgeic backer/s after they have proven a result.
Brokers will always circle but AGY needs to have something to negotiate the next raising and subsequent raisings. Jerko needs to change brokersafter getting a strategic backer. Alex should do this.
Agy has not indicated quality and potential. Hence the market is hesitant.
It will take 3 months to get any update.
AGY Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
