Ann: Half Year Accounts, page-60

I noticed you didn't include PLS. It's roughly half of its all-time high. To achieve the same feat, AGY would need to be sitting at 40c. Instead, it halved from 80c to 40c, then it halved again from 40c to 20c, then it halved again from 20c to 10c, then it halved again from 10c to 5c, and then it almost halved again from 5c down to 3.3c. At each level, you continued to pour in additional capital while highlighting the potential CAGR, emphasising the company's perceived value. It's a classic case of repeatedly catching the falling knife, and then tripping over and stabbing yourself with it.

P.S. – It's not very meaningful to point out AGY's share price spiking to 10 times its current value as evidence of its worth. LKE experienced an even more significant rise, which doesn't necessarily imply value (you’re aware of this). Just because a stock has fallen sharply doesn't mean it's great value; sometimes, the decline is justified. On that note, I see LKE has recently pulled ahead of AGY in market cap and share price.

Interesting times ahead.