Fundamentals (New), page-128

From a purely fundamentals point of view, the announcement today was actually quite good. I believe AGY has been somewhat derisked. The only problem is that it did not meet investor expectations. I suspect management took a risk to fast-track something that was never under their control and the gamble did not pay off. This is the first time they have under-delivered on a promise and shareholders are rightfully upset. This emotional response has been noted in the share price.

Removing my emotions from this investment and concentrating on what has actually transpired leads me to conclude that AGY is undervalued based on fundamentals. DYOR. I plan to buy more tomorrow.

If nothing else, AGY has produced industrial grade lithium. It is a product we can sell to provide revenue. Directors have probably learnt their lesson about managing expectations. This is my honest opinion.