All those employees employed over a considerable period of time, the recent investment, the 20t sale ... and so on.
Then poof, the better economics are to preserve what's left and focus on building the 10kt plant, when there has been no confirmation of anything near steady state production around nameplate.
It reminds me a bit of the 500t shutdown.
What am I missing? We are in a solid position in the current circumstances to secure funding at that level? If that's the case, then a release needs to be made clarifying the success of the 2k plant and its scalability or the logic behind moving forward trying to fund an additional 10kt expansion.
Learning lessons is pure obfuscation. The market requires some clarity.
AGY Price at posting:
4.9¢ Sentiment: None Disclosure: Held
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