Ann: Rincon Resource Expansion Development Plans, page-98

First 98 Last

Share
Profile

Follow
GCar

13,280 Posts.

8056

09/03/21

19:43

Post #: 51639197
Share

Originally posted by pierre23: ↑

AGY won't have a billion $ market cap for at least a minimum of 5+years. And that's only if the management are able to get an off-take which they have not been able to do so far with all their high quality lithium. Just look at past performance of this company, yes they tick the boxes for producing lithium, no they don't tick any boxes for how the Company is ran (in my opinion) and no boxes ticked in regard to real solid deals for their product which should have been a walk in the park with them being 'so far advanced' and 'fast tracked'.

99% of the time commodities get sold well before production starts (ie. offtake agreement). Not produced first, company sits on product, then tries to find a buyer. A lot of people here don't understand that, but pretend they do, and so I highly suggest doing your own research and coming to your own conclusions.

I'm a holder, and of course want the share price to go up, but unlike a lot of people here with blinders on, it's painfully obvious there are better investments elsewhere. Again, DYOR and the views above are only my opinion.

Expand

Stating, suggesting or even implying that AGY would not be able to sell BG product produced from late 2022, offtake in place or not, is utter nonsense imo.
On what basis?
The pricing and supply-demand dynamic disagrees with you. Strongly.

Stick around and see, it'll be fun.
(But please sell and invest in all those "better investments elsewhere" in the meantime, of course...)

LOL

AGY Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
13 Upvote

1 Great analysis

Reply