Ann: Rincon Lithium Project Update, page-26

Share price will retrace.

People who were "hanging in" longer than they planned will be disappointed by this announcement, and we will see them depart today.

This has nothing to do with lack of faith or being unrealistic about AGY, it's just because they have no choice.

However, the share price should recover as those people who have the ability to wait will understand that a few weeks slide to the program is normal and immaterial.

I would also expect some steady buying in - but will it be strong enough to counter the global market downdraft and the twit-idiots who will cane AGY for this weak announcement?

This is a much better announcement than (for example) ASN put out; clearly, everything is on track at AGY and they are not sitting on bad results, it's just the width of a bee's dic*k short of being THE BIG ONE.