General Comments & Banter, page-8182

So hard to know what is really going on.

Back when AGY got up into the mid-forties (was it January?), sure somebody was playing games, but the real driver was overall sentiment for both the Lithium stocks and the share market was buoyant. Any stock that glittered slightly was jumped on, and Lithium was the flavour of the month.

If we had managed to announce BG back then, our share price would have blown off the charts.

That ain't the case now, anything that isn't gold-plated and a dead-cert is being viewed through sheet coloured glasses. Blame Trump, China, Kim Jong Un, Puttin, and Morgan Stanley.

So, our current share price is an anomaly; hell, even those conservative buggers at Morningstar rate AGY at 36.7 cents.

This still isn't a great time to be trying to negotiate an OT agreement, most of the demand forecasts for high grade Lithium are still projections into the future, that future isn't far off - but right now an OT partner will be pointing to the last 6 months falling price curve and saying "See? the price has been falling!" while AGY will be keen not to lock into any deal that doesn't blow our skirts-up; it's obviously a tough negotiation.

We don't know what this OT agreement will look like; Billyen might be right - a simple Stage 1 deal for 1,500 tonnes/annum might be the best thing. Maybe, getting through the next 6 months with a steady revenue stream while continuing to build ponds, make a bit of money and do a modest cash raise to build the Stage 2 plant may be the smart move.

Maybe adding 5,000 tonnes capacity every 9 - 12 months over the next five years funded partly out of retained earnings and by doing modest cash raises at steadily higher share prices might build Market Cap for the least dilution and at maximum Lithium sell price.

Whatever the outcome, I am confident that...
1. AGY will develop as a company
2. We will hear news (JORC 2, PEA & OT) within 4 weeks
3. The chosen path will have been carefully considered and be an astute compromise between what's possible and what adds the most value for the least dilution (I am not saying Jerko & Co. walk on water, but they are pretty sharp).
4. AGY will position itself so that when the Lithium market regains it's fever pitch - AGY will be poised to hit the accelerator.

While I would prefer a set of announcements that propel us to above the 70 cent mark, right now I'd settle for news that gets us above the Morningstar Rating and keeps us there. Future growth will come.

Tempering my expectations.

IMO