"It's just another shareholder distraction while the company prays for a miracle turnaround in the lithium market."
^ This.
Update was another fluff piece, don't think anyone is actually fooled into thinking any of their plans will work out as outlined in the announcement. Brazen lies RE interested parties/discussions still being touted to the shareholders, amongst other "objectives" which were already meant to be completed a year ago? They just needed to release something before the next quarterlies shows the reality of how dire their situation is. Thought it may have been something more pumpy but guess they haven't been doing anything the last (x) months other than putting together this copy/pasted "strategy".
Still not a single word on their financial plans in limiting expenditure during the (indefinite?) 2ktpa C&M. How have they cut costs? What procedures are in place to reduce outgoings? What number of skeleton staff have been retained and how much do they expect to be spending in the coming years to keep them on? List goes on, top20 and sophs would be furious with JZ, what a piss take.
AGY Price at posting:
3.7¢ Sentiment: Sell Disclosure: Held
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