What people don't realize is that if AGY had gone the standard route (DFS, FID, construction) we would be now caught up in a 12kpta plant that didn't work, with Li prices depressed, a huge project loan to be repaid, product delivery commitments to be honored, etc.
So AGY is way better than if it had gone down the beaten path. Imagine what it feels to spend big bucks after bringing across the line a whole suite of lenders, investors and customers just to find out the flowsheet is not working as the tech DD advisor signed off in your DFS.
Knowing what the issues are ahead of spending big provided a hedge to AGY. They still have some cash and the credibility of not having broken a commitment with lender/clients yet.
AGY Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)