Interestingly, lack of any information about what precisely AGY...

Interestingly, lack of any information about what precisely AGY is up to, is actually a very encouraging sign.

Now, in broad terms we do know what they are up to, because they've written it up in ASX announcements.
Silence IMO means...

• They are working on the final stages of an agreement; best practice is to abide by ASX rules to the letter and say nothing and leak nothing.
• They are dealing with a large Japanese corporate; best practice is to say nothing and leak nothing.

We all know this, and it seems the holders know this too hence why not many shares are for sale at less than 18 cents, everyone is holding on because we know AGY must be very close. And new people aren't stepping up to buy because they haven't heard anything.

"...an agreement hasn't yet been announced, but that doesn't automatically mean anything is going awry"

Nothing has gone awry, more likely the opposite is true.

Apologies to the many followers here, who already know what I am talking about.

And if our interpretation of recent satellite imagery is correct and AGY is still spending money and not pulling in their belt; doesn't seem like they think the deal is far off either.

IMO
DYOR