Yeah I get what you are saying. To be honest though, at this point I'm not too fussed whether it comes "shortly", or if it arrives in Q1 2024. The whole lithium market is in the toilet, so unless the MRE update is something much larger than expected (>1.5Mt), I don't think it would do too much for the SP in the current climate. Hopefully sentiment can improve by March(ish) and it may be better received by then.
Despite today's drop, I'm happy we're back up to the level that I thought it was smart for me to pile back in at. 14.5 cents was pretty ridiculous from a valuation perspective, so hopefully we've seen the back of those ultra-low prices even if we do drift a little lower today and/or later this week.
Bottom line - the fat lady hasn't sung yet and this company still has heaps of potential. Even if it was a very short lived little bounce, it's good to see some buying interest after the relentless falls recently.
AGY Price at posting:
18.5¢ Sentiment: None Disclosure: Held
