Why do you pretend to somehow know/understand the details or reality (and thereby the "progress" and the "consequences" ) of the work being undertaken on the plant, when in actual fact you (and the rest of us, btw) really only have minimal insight into the specific issues/work/progress.
You can bang on all day about everything being a miserable failure and there being no progress, etc etc, but it's all just uninformed speculation driven by clearly extreme pessimism-bias. It is also contradicted by company announcements, btw. ...Oh, they're just lies, apparently!
Do you know what the longevity of the filter cloths is? No, of course you don't.
Yet you equate the process of replacing damaged filter cloths to replacing a fuel pump in a car that never worked properly. You like to paint this narrative that they are simply now maintaining a plant that still has the exact same issues from a year ago, but do you actually know what specific modifications/alterations were conducted over the past year? No, of course you don't.
But you carry on like you do.
Wow.
What are you going to say when they finally get to continuous production?? That whatever they did THAT morning was the "progress", and everything prior was still worth "zero"...? Probably. ROFL
If one looks at the actual "point" that you've been making lately, albeit in an incredibly twisted fashion via the "zero progress" narrative, all you are really saying is that the rectification work to-date has NOT YET culminated in the plant getting to continuous production. That's nothing insightful or new or interesting or informative... we ALL know that. Attaching to that, comments like "Guys, they're literally showing no signs of getting things working", is just hollow nonsense.
The plant is not running continuously,....until it is. There won't be a ramp-up in tonnes ....until there is.
Your narrative that essentially asserts that everything up until that point is a "failure", is simply nonsense.
eg.
“suggested by the external consultants which clearly did not provide any improvement at all”
“external consultants also failed to help”
“they're not even trying anything new”
“They haven't solved any problems at all”
“There has been absolutely no progress towards increasing the rate of production”
That narrative reeks of amateur hour, and reeks of desperation to justify to yourself your decision to exit near multi-year lows, and desperation to convince others to sell while you hunt for pips to trade back your losses, imo.
Do you expect them to publish their gantt chart with work breakdown items and their individual completion status? So you can assess how they are going? LOL!!
DYOR everyone, vultures circling and wolves about.
AGY Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
