The last month is pretty much down to lithium spot prices getting hammered and Chinese economy macro factors (youth unemployment, collapsing real estate sector, etc). I don't think any lithium company has really been immune from that. But the 5 months prior to that is all down to AGY's many missed targets in my opinion. I can't see any other reason for it.
Commiserations on CXO. I held there until the last quarterly, but was deeply unimpressed with what I saw and sold at 70c. Their management is even worse than AGY ($150m in the bank and a cap raise at 40c - WTF?)
For AGY to turn around, one of two things needs to happen. The spot price needs to reverse, or the company needs to start hitting some of its milestones. With China the way it is, I think the spot price will be hanging around these levels for a few months yet. That leaves us waiting on AGY management. Hopefully they can deliver soon.
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