I am still puzzled by the presentation announcement. In particular the comment about 6-9 months to settle an offtake agreement for the 2000t. That certainly tells us that any funding to get moving on construction isn't coming via an offtake.
That is all a bit odd when the same presentation has construction of the 2000t plant about to kick off. So where Is the money coming from to get construction moving?
It's all clear as mud to me.
The stream of announcements over the last few weeks looked like the sort of thing that might happen on an allocation where the price is a 5 day vwap average. Then all of a sudden, an investor presentation. WTF
I am struggling to follow what's going on at the moment.
I'm a long long term optimistic holder by the way.
Constructive thoughts anyone?
AGY Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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