we have not signed an offtake yet because the company is attempting to get an offtake with a funding deal to fully fund the expansion. Now as a junior without ongoing revenue that’s pretty difficult to do, any company wanting to fund want it on their terms . Once we are in a position where we are receiving regular income we are in a much stronger negotiation position. So all this talk of no offtake yet or no one to sell to is just rubbish. We have strong interest for offtake and funding and there will be no issue selling what we produce on the spot marketis.
would we like to be further progressed than where we are at…. No doubt. However management are not focused on suger hits for SP they are focusing on where the company will be in 5 years from now
that should be 12k production per annum, no debt and building to 25k per year, which they should be able to fund themselves by then
long term hold , understand the short term frustration however as I have been invested for 5-6 years and could have got better returns elsewhere. With news coming before end of year though we should see SP back to ATH
I still think once we get permits/ funding and offtake Rio will come knocking .
AGY Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)