General Discussion AGY, page-19940

Mindlessly tinkering, as you playfully put it, isn't my style. I've merely highlighted that the issues at AGY are far from being resolved. The continual extensions of the commissioning/ramp-up timeframe raise concerns, especially given the uncertainties surrounding the effectiveness of the proposed modifications. It's worth noting that the company initially expected their original design to succeed, and the fact that it didn't adds an element of unpredictability to their current endeavours.

While they've outlined a proposed fix and a plan of action, it's essential to recognise that this doesn't guarantee a flawless execution or the absence of unforeseen challenges. Identifying a solution doesn't preclude the possibility of encountering further issues during implementation, nor does it ensure a timely resolution to avert the need for a capital raise in Q1 2024. The recent update (17 Nov 23) revealed a reliance on additional awaited components, leaving them susceptible to external factors, from equipment deliveries to the performance of external contractors, such as the Italians.

In essence, having a plan is a step forward, but it doesn't automatically translate into a comprehensive fix. Caution is warranted as the company navigates these complexities.

As you say, tick-tock.