I’ll share my own 30c worth of thoughts on this hot topic
“Will Tomorrow or the next couple days be the most important in the life of AGY, will it be swim or sink?!!”
No.....no it won’t be, and if you think it will be, you haven’t done enough Hw on this company.
This supposed ‘deadline’ of end of May is the pure result of SH pressure which pushed a honest rare and straight shooting management team into a corner they and (we) probably didn’t need.
I spoke to a mate who is doing work on photoredox catalysis in organic chemistry as part of his doctorate in Macquarie uni, about his past experiences in the ins and outs of inventing and proving a viable and economical chemical process
(I know it’s not the same thing as what we’re doing, but nevertheless it’s still a complicated chemical process)
I know I’m saying the obvious, but This stuff isn’t easy ONLY IF you want to nail it down PROPERLY.
For Pablo I believe it’s not easy for him not as in if he can do it.
I believe that’s not even a question. (especially after they paid the rest for those tenements earlier this week)
But as in It isn’t easy ESPECIALLY for Pablo because of the exact opposite, it’s because he KNOWS how to do it, and he knows how to do it PROPERLY, there is a Huge difference.
As most of us are aware, there hasn’t been a new entrant in this LCE supplier market in the last 20 years or so because it’s difficult...
Well Apart from Ore, so, what did Ore do?
They went ahead with a 10kt plus plant without going through pilot plants to fine tune their process.
The results or should I say hurdles?
Lower grade, inability to produce at full capacity, resulting them to learn from their mistakes = higher opex and capex = SP reflecting exactly that.
(their SP is still pretty good and I like the company, but had they achieve what they wanted to without all the setbacks and nailed the process right from the start? I think their SP could be much higher)
Pablo wants to iron out ALL the creases before starting to produce BG. ALL of them!
Why? Because he KNOWS about ALL the creases.
Do people really think AGY can’t pump out a couple hundred kilos of BG LCE a few weeks ago? REALLY?
Even Lpi can do it in a lab!
It’s about getting it ECONOMICAL and producing a GENUINE product we can sell for a good profit, not appeasing the retail market for a quick fix IF you want to make the REAL money!
AGYs management is GENUINELY take this all they way to the big league! if they aren’t, they could have spit out a few bags of BG LCE long ago!
Just to pump the market a little like SO MANY OTHERS and bought more time from SHs by meeting our demanding uneducated timelines.
But AGY wants to get this right!
Because they are in this to make this BIG, which is the ONLY way to go if we want our SP soaring to the heights we’re talking about, that magical dollar and BEYOND!
If they came out with just some half economical BG LCE Announcements just for the purpose of shaving a week or two off this (idiotic deadline) who do you think it will please?
It will ONLY please the very short term traders and retail!.
Do you think the battery manufacturers, the big Instos and huge Japanese, Korean, Chinese conglomerates care about a week or two???
But in the end, who do you think will get us to the promise land?
Us or the battery manufacturers, big banks, instos, multinational conglomerates?
The point I’m trying to make is this.
Although so much emphasis is put on Tomorrow
WE the Retail SHs put this pressure on OURSELVES, management was kind enough to listen to us and stay genuine the same time by not just putting out BG at whatever economy just to appease the market.
Because they have their eye on the REAL prize and so should us SHs, it’s the ONLY way to make the real bucks.
At Species and small cap level,,one can pretend their way through.
No place for pretenders in the big league.
Like everyone else. I’d love to get the all the announcements tomorrow.
But if it doesn’t yet happen yet, I’ll sleep just as sound.
Companies don’t go out and pay millions for assets they can’t utilise, (which they paid for more just this week) especially when you’re as frugal as Jerko. He is as tight as they get.
I travelled all the way from Sydney for the AGM and the guy won’t even buy me a beer.
So to whoever is nervous, don’t be.
BG will happen, not if but when, if tomorrow? Great! If not? Only weeks and not months away.
When it happens, you can have the peace of mind knowing that every aspect of the BG is a tick, not for fluffing the market, but for the real Deal.
Everything else including the jorc and pea is going good from what I know.
TH just for the above?
I don’t know. Maybe, depending on the finer details.
AGY is a rare and genuine once in a blue moon company going about doing business in the ONLY way to differentiate itself from the herd.
Do yourself and the company a favour and let them do their work PROPERLY and have some faith.
Rain hail or shine the next couple days will mean very little compared to the bags of plastic Aussie rainbow colours for the faithful in the very near future.
Btw, Jerko and family and friends haven’t sold a single share!
Trust me, for someone as tight as him, it says a lot.
Hold on to your shares, they will be worth a lot more, but you must sell for whatever reason, make them pay.
All of the above is just in my own honest opinion.
Please do your own research and good luck.
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