In my book, AGY has already achieved what they were supposed to achieve. As per their announcement, “they are extremely happy and confident to produce the BG”. If they were not confident about BG production, they would not have used such a strong words in their ASX announcement. In addition, the management has roughly 15% skin (i.e. 138 millions shares or $27 million) in the game. It is in their own interest to maximise the quality of LCE.
General Comments & Banter, page-5402
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