Hi gc, can't say I've digested it all here but I must say, I no...

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Guemar

2,453 Posts.

2027

15/07/24

14:15

Post #: 74758611
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Originally posted by GCar: ↑

And the risk is reflected in the share price. Is it not?
Imo there’s 5-10 bags on offer over the next couple of years. People can be “antsy” all they want, if they don’t like the opportunity, then there are 2000 other options.
As for “there is an actual risk specs can go under”, yeah that’s a point, but imo a point more relevant to companies that that are nowhere near production; we aren’t a bunch of hopefuls sitting around the office trying to get someone interested in funding so we can get an operation going.
We are in a very very different situation than a typical “spec” company trying to progress to actually developing a project.
It’s entirely possible, afaict, that if we can get our current plant humming along near capacity we could be self-sustaining ….and that could happen over the next say 6-12 months imo.
So at this stage, imo it’s quite absurd to be entertaining the idea that we could “go under”, despite the delays we have had with commissioning the plant.

I’m still buying more, as IMO the risk is hugely asymmetrical at this level.
Is there risk? Of course there is, but nowhere near as much as there would be if we were in the position of a typical “spec” co.

This narrative that some (others) are pushing, that the company is not doing things that they “obviously” should be doing, is pure disgruntled rubbish imo, spoken mostly by those who have probably never stepped foot on an operation anything like this.
I note; again, that those same posters avoid analysis of risk-reward like the plague.

In the meantime, we wait.
ATL looking under the hood and committing $5M to enable offtake (afaict) is nothing but absolutely positive. Does anyone here actually believe they haven’t asked Puna the tough questions…?

Imo
Dyor

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Hi gc, can't say I've digested it all here but I must say, I no longer share your optimism. I was extremely bullish on AGY, but the past 6 months have really left me wonder and made me check, whether I should see some signals in a different light.

AGY used to be a star performer in my portfolio. Now I am massively under. Hope it is not another case where I fell foul of confirmation bias stopping me from seeing warning signals.

AGY Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.5¢		Change -0.008(8.60%)		Mkt cap ! $123.7M

Open	High	Low	Value	Volume
9.0¢	9.3¢	8.5¢	$362.9K	4.093M

Buyers (Bids)

No.	Vol.	Price($)
9	459867	8.5¢

Sellers (Offers)

Price($)	Vol.	No.
8.7¢	93664	1

View Market Depth

No.	Vol.	Price($)
9	459867	0.085
3	99873	0.084
4	169062	0.083
3	336585	0.082
2	114691	0.081

Price($)	Vol.	No.
0.087	93664	1
0.088	232558	1
0.089	69615	2
0.090	91167	2
0.091	52101	2

Last trade - 16.10pm 15/07/2024 (20 minute delay)

AGY (ASX) Chart

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