While we have are challenges starting up an extremely hard business and the pitchfork brigade argue over the production process during startup their is a much larger macro tide at play.
- Chinese spot price - while it represents a fraction of the market it can be manipulated and it appears punters take it as representative of the market as a whole. Probably due to the lack of anything else.
- Interest rates / recession fears declines EV sales - this still weighs on peoples mind despite countries like USA turning and probal moving to cuts in the new year.
- AUD falling - this causes USA etc investors to pull money out (of the ASX as a whole) so they dont lose on the xfr.
I think everythings been hanging on the edge (I know I have for a while now) and its finally falling over but with turning economic tides so should AGY.
imho
dyor
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