if I was AGY management, I would also produce just 1Kg to confirm we were all good sans the gas heating i.e. Mg levels are non issue etc. It would be wasteful to use the brine to produce industrial grade when that is not your target and you know you can produce BG from the same brine once you get the heat.
I hold a few million units and obviously not happy with the announcement, but I also understand we are going to be there shortly and we will have offtake, JORC and PEA. Management obviously believed Gas supply will occur by end of May. Today's announcement is a serious derisk for me personally as I know all we need it heat. My price target will probably occur a month later but I can wait given the % return.
In fact, today's result will put pressureo n management to try and "fast track" other items to win the trust back.
Hey, I'm an optimist and regret that I was unable to buy more u nits at 18c as that would have been nice.
DYOR.
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