as someone who supported (and continues to support agy), i wonder why investors arent seeing the correlation between shareprice and lithium pricing.
Was it not clear the Ltihium price was being tanked?
All lithium stocks arent at all time lows?
CXO didnt put its operation on hold?
AGY is poor in not finalising the pilot operation, whether prices were low or not, its BS they are stopping it for price reasons. They sunk alot of money into the pilot and it failed in duration and output. heads need to roll for that
AGY continues to have prospects for a 12ktpa operation in the lithium triangle. When lithium prices recover, so will AGY
the question to ask right now is 1) Do you sell to invest in a non-lihtium play? thats not a bad idea for a short-term trade 2) Do you sell to buy another lihtium play? That seems silly given the risk reward on offer here 3) do you sell because AGY decided to pause pilot operation? That seems silly given alot of producers are doing the same. better to move out of lithium in this case
AGY Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
