Congratulations to AGY holders. It’s been a few frustrating...

Congratulations to AGY holders. It’s been a few frustrating weeks watching the SP volatility.

Feels good when I’ve backed myself and used the FA and TA trading skills learned over the years to get a good win. Only problem I have now is I still think AGY is fundamentally undervalued based on:

- fairly valued now for a 2,000tpa operation
- environmental approval for 10,000 operation could come through any day now
- can’t see finding the funding for the expansion being a problem given current product demand
- AGY is in a great position RE future off take possibilities. We’ll be the only Lithium miner I’ve been a SH in that has not been bent over and completely f@&ked when negotiating off take pricing
- add to that the potential at Nevada

Only downside risks I see are unlikely and they are 1) we don’t get environmental approval for the 10,000 tpa operation, 2) legal issues moving to 90% ownership when/if expansion is approved (I’ve seen these things go south many times before, I’m not suggesting AGY has any problems here), and 3) sovereign risk. Again, all very unlikely and very low risks.

Who would’ve thought I’d think little AGY could become a billion dollar baby!