I think the anxiety most holders have is the opaque nature of the relationship and costs aassociated with Puna Mining.
They have a fairly hefty roster of staff, and the company is clearly not making any money, which means AGY is on the hook to cover those expenses.
Also, the seemingly failed engagement of the "filtration experts", along with the implied changes to the filtration processes and additional equipment was somewhat of an unknown.
I don't think people doubt the 10ktpa approvals will come, the point of contention is the backwards and forwards, and the missed deadlines.
It's great Jerko is supremely confident, my question is what has he been told to make him so confident, and was what he was told explicit or implicit?
The first green day in a while after a heap of carnage, but still a LOOOOOOONG way to go.
The sellers will be back until the announcement is made, all in all, it is still pretty low volume so far today with just over 3m sold on Commsec.
I am still not convinced we have the 2ktpa plant sorted, however.
AGY Price at posting:
9.7¢ Sentiment: None Disclosure: Held
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