Nope. Be lucky to get a small premium at current price tbh... Directors have really back themselves into a corner along with their shareholders, sharks will know they can't get funding for expansion (or at least on any decent terms), can't turn on the current infrastructure until later this decade or at all as it's not economical, and the resource size/grade is on the low end.
IMO they will be spending bulk cash on continuous "resource upgrades" to make this look as enticing as possible to try and sell it for a better price. This includes having engineering plans for the expansion at the ready for new ownership and a DFS along with it. Could be a couple of years and multiple raises yet before they get to any of that.
They're not known for smart moves, but this would be one of them. Cash out and salvage what small amount they can, and move the business into something less complex and within their ability. Also cutting ties with Pablo the leech in a new, simpler venture would be a small step in regaining shareholder confidence.
Just thinking of viable scenarios to get at least some shareholder value back (over the imaginary ones some people hope for). I mean, I could be well off and JZ would see this company in administration before he get's rid of his "fast-tracked baby".
AGY Price at posting:
3.5¢ Sentiment: Sell Disclosure: Held
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