Good luck mate, but with several wanna be companies pushing...

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Naylor-1

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20/11/18

21:07

Post #: 36578513
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Originally posted by b!ll ↑

I sold out my holding in AGY last week so you all can expect the share price to rocket any minute and have me regret my decision - I honestly hope it does and I kick myself and learn to have more patience for future investments.

The reason I sold was because of the rapid expansion of different technologies that make ponds out dated, more likely than not I’m wrong I just can’t see a pond mine life greater than 5 years and with this particular process the fact the brine is required to be homogeneous - I don’t see how that can be guaranteed with a replenishing resource - I have limited knowledge but thinking as a potential OT partner there seems to be to many variables to lock in for a long term deal - I’d be happy for short term off take agreement though.

Finally the last thing I considered was the fact that there has been no third party confirmation the samples actually cut the mustard - they have had enough time for that now in my opinion.

I will be wishing you all the best from the side line. Good luck.

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Good luck mate, but with several wanna be companies pushing unorthodox processes with no financial metrics about I have my doubts... their main benefit may be the speed to market if the opex is somewhere profitable wich my research says otherwise. Agy on the other hand has the benefit of ponds producing concistent concentrate before commercial production leaving that 24 hour process irellevant for us

AGY Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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Good luck mate, but with several wanna be companies pushing...

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Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

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Good luck mate, but with several wanna be companies pushing...

Top Stories

Nimy extends sulphide targets at Mons with new anomalies identified

Drilling at Bethanga shows signs of Cu-Au porphyry system for Nexus

Sheffield Resources achieves milestone production, shipments at Thunderbird, WA

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

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