Ann: Clarification Announcement, page-147

First 147 Last

Share
Profile

Follow
MarketingMan

6,175 Posts.

3827

06/06/18

22:29

Post #: 33545602
Share

Originally posted by speedyl ↑

I sent Jerko a follow up email (to my questions email I sent yesterday, which were mostly answered in the twitter feed and this mornings ASX announcement) this morning as below

Hi Jerko

Thanks for the clarification ASX announcement this morning as it answered most of my questions and has restored my faith in the company again. I think with the market in general being edgy at the moment and the announcement sounding like a down grade to industrial grade LCE due to a previously un-announced gas issue while at the same time previous announcements had set shareholders expectation for 1-2 tons of BG LCE to be produced by the end of May just set the stage for the big drop yesterday. Personally though I also think a full BG LCE announcement would likely have been sold into too as I think expectations had become abit over hyped.

Although I don’t have a twitter (or facebook account), as I personally don’t like social media, I do follow the AGY twitter account as a reader and I would especially like to say a big thanks to Alex as I think he went over and above what I have ever seen any other chairman do with addressing and answering some what angry shareholders questions yesterday afternoon and evening. I think this and the clarification announcement today speaks volumes for the calibre of the AGY management team as a lot of ASX companies seem to (wrongly) ignore their shareholders, but AGY has been and continues to be very responsive which is what gives me the most faith in the company. Given the situation yesterday though I hope that you continue to provide a lot more detail in future ASX announcements as these are really the only guides we sharesholders have as to how the company is progressing and when more detail is provided there is less room for misinterpretation of the announcements like what I believe happened yesterday.

One question I still have which wasn’t answered if you don’t mind is that in the announcement dated 7/5/18 it stated that the assay results for the unannounced drill holes were expected that week but I have not yet seen an announcement on these results. Are these results going to be disclosed separately and did a deeper hole get drilled in the end as you intended or will they just be disclosed as part of the JORC announcement?

Cheers and thanks

Jerko's response was

Hi Craig
Thanks for your emails, glad the extra information assisted you and others.
Agree with your sentiments.
As it’s panned out, all drilling results will get included with the resource estimate announcement.
Appreciate your support.

Regards
Jerko

Now wondering then if we will just get one complete JORC rather than a 1st and 2nd one as sounds like all the drill results will be included now

Expand

I have been wondering for some time about...

1. Why the decision was made to plan releasing JORC(1) on existing drill results, drill an additional 3 holes and release a 2nd updated JORC(2) based on all drill results?

2. Why we haven't seen JORC(1) yet, even though the drill results have been available for over 2 months?

Maybe they received JORC(1) and thought "this is Ok, but not worth releasing when we know JORC(2) will be so much better."

IMO
DYOR

Last edited by MarketingMan: 06/06/18

AGY Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

First 147 Last

Add to My Watchlist

What is My Watchlist?

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)
Last 1.4¢		Change -0.001(6.67%)		Mkt cap ! $20.38M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.4¢	$4.027K	274.0K

Buyers (Bids)

No.	Vol.	Price($)
34	8087078	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	1694371	17

View Market Depth

No.	Vol.	Price($)
34	8087078	0.014
13	3638076	0.013
9	3421411	0.012
6	3190000	0.011
9	3849700	0.010

Price($)	Vol.	No.
0.015	1694371	17
0.016	1714289	12
0.017	1728874	8
0.018	1806328	18
0.019	2733039	9

Last trade - 15.51pm 17/06/2025 (20 minute delay)

AGY (ASX) Chart

Ann: Clarification Announcement, page-147

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Many are concerned about global falling birthrates. This diverse stock has solutions

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Recce locks in $30M to boost commercialisation across ASEAN region

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Clarification Announcement, page-147

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Many are concerned about global falling birthrates. This diverse stock has solutions

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Recce locks in $30M to boost commercialisation across ASEAN region

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News