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Originally posted by BurleighSlayer
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Before people have a go at me for bringing up these points. Please note that I do hold a decent amount of AGY and have a very positive outlook for them in the future.Cash Flow. For Financial Year 2018 AGY had a cash flow of negative 1.2 million. At the current rate of cash burn AGY have plenty of cash. However, they are still only in pilot stage production and will be increasing capital expenditure dramatically.Currency. Argentina economy is in trouble at this current time and the Peso is deflating significantly compared to the US dollar, which reduces AGY operating costs significantly.Sovereign Risk. The export taxes that have been recently slapped on. Also a point to note that in the past when the Argentina economy has been in trouble, the government has been irrational. Nationalization of oil companies in the past, where the government has stepped in and basically taken the company.Lead time to commercialization. Lithium Price. Lithium Price is still a huge unknown.Lithium oversupply. Even with EV demand growing in the future, will the market be be flooded with an over supply of lithium and has the demand for future EVs been reflected in lithium stocks already?
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Hey Burleigh, not sure if you're only relatively new to these threads (if so welcome
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), but you will find everything you have raised has been discussed at length over the past several weeks and months. Nothing really of concern there for me, but thankyou for your contribution and looking forward to this sleeping giant to wake!!! Glta.
