One thing I noted in the quarterly is it is NOT a “cut and paste” report but is more detailed and addresses important issues including the lithium market pricing and how it affects Argosy.
He also highlighted the cash situation, the testing trials in more detail.
He is more positive with reason, frank (note how he mentioned Tonopah hold due to concentrating on Rincon), and he looks more in control.
Almost all of the points raised by
@asxDragonslayer sometime on the 24th January 2024 were covered by Jerko. This quarterly appears to me that his mind, heart and hand was in the entire report from start to finish. Note the absence of the paragraph quoting Jerko about what he thinks. This is because it is the captain himself talking.
My conclusion is Jerko is listening from the emails sent by holders, knowing he does not read HC.
Good thing I read the quarterly with an open mind and before reading any HC comments. And it took me sometime going through it, including the cash flow statement. Very much unlike the hasty comments of some.
Cheers and good luck to the shorters. We are way ahead of LKE, GLN, Rio, Posco and a lot others including CXO and SYA though our operations differ.
It was also good to note the milestone achieved in the last quarter about the 180% increase in MRE and the current situation about AGY being the 2nd ASX lithium carbonate producer with more than 99.5% verified validated battery quality and the availability of ponds with all the brine we need. Wait! And there’s more: we still have the strategic partner and others showing interest. And there’s more, we are producing despite the rectification works. Jerko too has gone into all the details about the testing process, he is being truthful it seems.
Great quarterly report!
(20min delay)