AGY 0.00% 3.8¢ argosy minerals limited

Ann: Rincon Lithium Project Update, page-291

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,125 Posts.
    lightbulb Created with Sketch. 1704
    I don't recall seeing any posts where anyone insists that AGY/Puna needs to retain 190 staff members; I'm not sure where you're getting that from. However, this does highlight a significant issue: nepotism could potentially harm the company's efforts to restructure for C&M. Is Pablo really going to fire his kids, extended family, and friends just because they aren't necessary any more? I doubt it.

    It seems likely that the care and maintenance at Rincon will end up with more "essential" staff than actually needed, just so the friends and fam keep getting paid. Unfortunately, I doubt that JZ or James Shay will have much power to push back on this, as it could jeopardise the joint venture (JV). After all, technically, Pablo is fulfilling his part of the JV, while AGY isn't. They were supposed to secure expansion funding, which hasn't happened. It will be interesting to see how this plays out in Salta.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.