Well, having the permit in hand would definitely make the negotiations easier for AGY. If I were a strategic partner, I definitely would only invest if all the permits are arranged.
It certainly isn't the only pre requisite, a proof of continuous operation certainly would also help, although I would be quite confident from the results of the pilot plant.
Of course, JZ will send messages about good negotiations wrt strategic investors, because that is what the situation currently is. If he would have had a deal on the other hand, he would also communicate that this deal would be super beneficial for the company either.
Same goes for the things I mentioned in my previous post. If that had happened, then JZ would tell us that it's such a great progress, whereas now the line of communication states that the ongoing negotiations are not impacting the progress since its not on the critical path (in fact they are, every day not starting with the expansion is in my opinion a delay). That's what a CEO needs to do, show confidence, and do damage control whe plans are adjusted.
Have had my experience in international contracting, and as a project you're always keen to steer away from liquidated damages by trying to deliver on time. It doesn't always happen, and have personally been involved in a permit delay for several months that got us good in the LD's. Wasn't in our sphere of influence though, but was very stressful nevertheless. Hindsight there were hidden interests from our main contractor. I also suspect there are hidden interests at play here in Salta, but we are just keyboard warriors, so hard to get our fingers behind it.
God thing puna doest have LD's. From my experience in maritime construction and dredging projects, delays happen, just over a few months, but waiting more than 18 months for a permit is not something I would've considered, no.
It's just a shame that all the contractors had to leave after completion after the first stage. Now you need to mobilize everyone again, and that may be difficult with so many projects going on nearby.
And yes, it's speculation from my side that the recovery of the share price will take long. There are several factors at play. Global interest rates, looming recession, uncertainty about BEV demand. But most of all it's reduced confidence in the company after the reality check we're in right now. We also just had a massive head and shoulder pattern. It looks like that it even scared Seagull away (oh... why are thou forsaken us). Historically it takes time for a reversal to happen after a peak. For this stock after the peak of 2017-18 and the small peak of begin 2020 it took time to go up again.
Yes I'm frustrated, on the other hand I don't let my investment decisions be bothered by it, but this is a way for me to vent it off. I have no agenda to influence others to buy or sell.
As a mtter of fact I've learned a lot since I bought AGY in mid 2020, also yourself has put up a lot of good info here bout the company, so have no quarrel with you personally, it's jus that from my experience I see some missed oppeortunities had things gone the other way and that's a pity. Stating that having had that permit earlier would not have meant a difference got me thinking. 'hold a sec.'
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