Given the last announcement in July and the lack of any other announcements since I think the Company needs to update the market on that front (good or bad) as "uncertainty" is the worst thing for SH and the broader market .
When there is a vacuum on the news front SH ALWAYS assume the worst case scenario and react accordingly . Given that the Company stated commissioning & continuous production was expected to be in the 2nd quarter, then in the 3rd quarter and now in the 2nd half of CY2023 we should not be surprised at the SP depreciation over the last couple of months.
Having said all that commissioning & continuous production will happen soon and the 10Ktpa approval will , in my view, be received before the 2nd of October ( before the Argentina Elections) which will prove beyond doubt that all politicians are tainted with the same brush.
I repeat "uncertainty" is the worst enemy , so lets hope the Company has the cogliones to call is as it is for the sake of clarity and transperancy.
AGY Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
(20min delay)