There is no debate to be had mate. Only facts of the matter. The most critical question of all being can and how will AGY get anywhere near the amount required to continue business -- construct a full expansion 10ktpa plant, and get the 2ktpa fully operational. The company nor any shareholder can answer that question with any valid solutions.
As alluded to by the company, have scrapped working on the 2ktpa (clearly a money-pit), and are now focusing on the 10ktpa - still stuck in engineering stage, even though this was meant to be complete last year.
There's a reason why with all the big talk from management, the share price doesn't move. They've demonstrated no bankable pathway to expansion or continued production of lithium with their 'demonstration' plant (opex far too high). It's likely lithium spot will never be high enough again for the 2ktpa to be profitable or worth running - we'll have to see in a few years how that's going.
But, it will be interesting once they finish selling their old stock (if they haven't already) to see what they will resort to in an attempt at pumping the share price before the barrage of cap raises over the coming years.
GLTA.
AGY Price at posting:
2.3¢ Sentiment: Sell Disclosure: Held
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