I while back I had connected a few dots and believed AGY was set to announce a new deal to help market it's SP. It was all hearsay so I couldn't really post anything. However, to me it would have been a VERY easy decision to make and that's why I was being so positive as I BELIEVED it would happen. I was wrong.
(If you have any questions about this I suggest you contact our MD and ask if he's been given ANY SP marketing offers by firms that have had INCREDIBLE ASX success in the past 12 months but, be prepared for a "she'll be right mate" reply.)
It now looks as if we aren't going to proceed down that track and our marketing eggs will be put into Alex's basket. This terrifies me.
Yes, I understand shareholders who bought under 1 cent and management who have a buy price of 0.002 are relaxed and happy now (I'd be too). Management can now afford to be, as our MD in on 5k a week (well deserved but still a lot) and the other directors are on expenses for their services and lot of cheap shares.
From looking at the volume the last 7 months about 40-50+% of the current shareholders are sitting average buy prices of 3.5 to 4 cents! This puts most AGY shareholders at brake even or a decent lose. This is just a fact, not my opinion.
I don't fall for the screams of "patience!" by some posters who claim to have more market experience/skill when the truth is their buy price is simply lower or only have a small % of AGY in their portfolio. Many investors have lost out on many other big market movers which only makes things worse. No one is here to invest in private companies long term. We are here to make money. There's nothing wrong with having expectations of AGY being at 5-7 cents right now. It's obviously worth much more then that, if you only look at it's peers.
So we as shareholder have come to a crossroads.
Jerko has put all his faith in Alex yet, Alex has yet to assist AGY in gaining new investor in-flows. Simply telling the AGY story! Why hasn't he done this?
What's worse...and this is just my opinion...Jerko decision not to proceed with this new SP marketing deal may have had input from Alex!
This offer itself could have increase the SP to the 8-10 cent range in a few weeks. The mind boggles as to why this wasn't accepted or executed weeks ago. Or at the very least, announced to the market.
(There is a certain ASX lithium in the news right now and it's my belief that they DID accept a 3rd party marketing help and are about to benefit dramatically.Maybe AGY could be getting the same attention right now or LAST week!!!)
The next 18 months of ASX newsflow has been listed twice now. Building ponds or selling 150 tons of lithium is not only known...it's expected and FULLY priced into the current SP. Look at the last 5 major announcements. The SP went up a bit but, the came down, as there were no new investor INFLOWs to carry it higher. Very simple.
Anybody here going to buy another 5 to 10M shares when the ponds are done? No??? No one?
If you were going to buy, you would have bought by now. New investors are needed!
ALEX:
Up until now AGY shareholders have been powerless. We kind of had to hope for the best.
Alex is really tried up with PDN and that's not going to change in the next 6-12 months. So there won't be any interviews or large amount of time spent on AGY. Him not buying AGY shares is a whole other issue.
I'm sure Alex and Jerko will chat on the phone but, Alex has told me that Jerko is the man at AGY.
I'm sure Alex even helped with the China show but, if you go to the shows website any company could have emailed them and went. It's not my job but, if I spend 2 hr I could book AGY up to many investment shows in Australia and around the world over the next few months. I personally know 2 members of the BRW 200 but, I'm in no rush to get them on the AGY train with the current effort being made on the SP. See, AGY is a better and safer investment at 5 cents then it's current SP.
So Alex wants to get paid.
-He's done nothing publicly to support the SP.
-He's not supported AGY shareholders by buying at these silly low levels. Why?
-As I said above, I don't think anything will change in the next 6-12 months with his option package being granted. It could get worse. So why are we GIVING him 20M shares for not doing anything?
In my opinion I think we need to send a message to the AGY board. NOW!
You've been looked after...now it's our turn.
By voting NO to Alex's option package you send that message.
It doesn't mean Alex leaves.
We are giving Alex a chance to step up IF he does REALLY believe in AGY. (If he quits after, well his true colors are shown.)
If in the next few months he steps up and supports AGY shareholders and the SP get's up to a respectable 5-7 cents. There's no reason why AGY can't issues another option package, maybe even more shares? I have no problem someone being paid well for doing a good job.
Plus, none of this may even be necessary. If you vote NO right NOW, AGY's board can see the voting real time. Alex will see this also and it may be the push he needs to do something before the Jan 24th vote.
Wouldn't it be nice to see a active chairmen and a SP over 5 cents in 3 weeks? A NO vote can do that.
Plus, It may not be the worst thing if Alex goes. I was excited like everyone else but, Alex isn't getting it done.
PDN SP is down over 50% since he started there and he's the CEO. Plus, he's a deal maker but, I don't see a lot of baggers on his resume. He does well for himself though.
Everyone was losing their mind with the RI at 3 cents....I was going...if the SP was at 4, 5 or 6 cents...We'd have a much better return. A higher SP means more $$ and more options to buy/fund projects e.i Cobalt.
The SP comes first. The projects will look after themselves.
If Alex goes, Jerko will then need to take marketing offers more serious and put more effort into the SP.
Maybe there's still time for Jerko to take this marketing deal?
The next chairmen would also need to have time to support AGY. I don't like to knock Jerko but, some of this is on him. There should have been a clearer understanding of Alex's time commitments before he joined. This wasn't done and Alex basically does what he likes and that means he gives 100% to PDN.
Vote AGAINST (NO) to Resolution 1
If you vote yes, I believe it sends a clear message to keep everything as is.
Ask yourself this. How will you feel in 3 month or 6 or even 12 months if AGY are trading in the 2 to 3 cents? How would you vote if you could go back in time? Voting NO just sends a message that we need NOW.
(BTW: VOTE...if you don't, the Chairmen...get's to vote any shares FOR his 20M shares to get approved. Good work if you can get it.)
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