Well, fair enough calling me out on the technicality. While the plants are abandoned, there are no operations or progress taking place, the amount is a fraction of what it was, but even so, AGY is still sending the best part of a million dollars per quarter to Puna (it was previously millions as you know, and if they ever try to do anything more than player checkers in the office it's going to go back to millions per quarter).
But even at this drastically reduced rate while they try to survive without any operations taking place, they're paying about a million dollars per quarter to Puna, and this sale is a small fraction of that, and of course paying Puna isn't AGY's only expense.
Fair call pointing out the current payment to Puna being lower than before, but in doing so you've highlighted how bad the situation is.
And youve ignored the main point I was making, which is that it can't be an assessment batch with a view to buying more, because the plant which made that product has been abandoned. This is an end of line sale, not assessment for ongoing contract. And if you plan to say they may get a 10,000TPA plant going and they may be assessing it with a view to setting up a contract to buy from that on assumption the product will be similar, don't bother, because in the unlikely event that plant does get built, it will take years to build once funding is secured, which obviously isn't happening in a hurry, and as even you often point out, delays are something you have to expect.
You have no business telling me to try harder.
AGY Price at posting:
2.4¢ Sentiment: Sell Disclosure: Not Held
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