Ann: Renounceable Rights Issue to raise up to $6.2M, page-109

Astute observations.
We all want the answer to the question “why hasn’t a deal been done?” Given recent announcements ( last quarterly) staying in principal agreement save for a few pesky details, we all thought end of February at latest.

Clearly a deal wasn’t possible, I am assuming terms and price were too far apart.

These deals are are never simple, particularly when the customer can see they are buying product from a start-up not an established supplier - they will want a discount on any financial transaction.

Time is on AGY’s side regarding the growing short supply but not regarding cash in bank.

We wouldn’t want AGY to sign-up for a second rate deal.

We need to be a little bit cautious that AGY haven’t simply put cash in the bank to cover the period between signing and settlement because that could mean an announcement any day.

IMO
DYOR