Somebody must have just noticed that the 500kg BG Li2CO3 that we have produced with all this effort so far is only worth a lousy USD7,500. Hardly a cost efficient operation - and decided to sell.
Must be those ppl who do not understand how challenging it is to scale such a process to industrial production - same grade, same throughput, day in day out. All the better how AGY is wisely spending money on a few critical items to turn this from a batch into a more continuous type operation. All huge assets when you are negotiating favourable OT terms where you can actually show that you have consistently met the supplier's particular specifications, as opposed to a one shot in the pants type scenario.
It's all about risk vs price people - same as in our share price. I think AGY are doing a tremendous job to ignore some of our silly market noises, and instead get on with the job in a thorough, methodological and wise fashion. Well done team AGY. I am not worried.
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- Ann: Quarterly Activities Report - September 2018
Ann: Quarterly Activities Report - September 2018, page-95
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