They never do production ramp ups either, despite years of trying and guidance predicting it.
Something the people cheering about the ATL deal being done at a premium are ignoring, another elephant in the room, is that if AGY was actually expecting a production ramp up within the next month, presumably they'd have held off on raising capital. I think all of us can agree that an actual ramp up in production would significantly increase the share price and allow capital to be raised at a much better deal for shareholders.
The bulls will say they urgently needed the money now etc (the same ones who were saying a CR wasn't even necessarily needed at all...), but even I was saying they could have held off for a bit longer if they wanted, and no one at all was saying it was critically urgent before it happened. You can twist and rearrange words however you like, but the reality is that management clearly doesn't expect an imminent ramp up.
AGY Price at posting:
12.5¢ Sentiment: Sell Disclosure: Not Held
