***1. final works to critical path ACHIEVING CONTINUOUS...

***1. final works to critical path ACHIEVING CONTINUOUS PRODUCTION BG LIT 99.9% May, June, July

Now, where have I heard this story of continuous production commencing imminently before? Sounds familiar. Oh, right, many times from AGY for a very long time... groundhog day. When you keep seeing the same promise and then the same result, it's weird to keep expecting a different result.

***2. offtake agreement

Hahaha! Maybe you're just taking the mickey, but if not, remember when they said they already had a fantastic deal all ready to go, back when lithium prices were super high and there was a scramble to secure supply and there actually wasn't a deal even then? Honestly ask how good a deal they can get for themselves when prices are in the toilet and they have demonstrated that they can't get a plant to work. It's either going to be a terrible deal, or they'll be waiting until production actually starts, which will be who knows how far into the future? And even then, if prices aren't much higher than now, it won't be that amazing a deal.

***3. sale of product at $20,000 p/t

Not that impressive anyway, but you need to actually produce something in order to sell it.

***4. 665kt LIT rss open at depth

It's not that huge a resource, but again, you need to be able to produce in order to monetise it.

***5. 12kt pa 42 years

Yeah, that production rate seems possible for AGY to reach in about 42 years. Seriously though, even if they managed to get to 12KTPA within say five years (and in the mean time the market will be highly dubious since they already claimed the pilot plant worked but then couldn't get the 2KTPA plant working until years after schedule and counting, so the market will likely not trust the 10TPA expansion to go smoothly, so you'll be waiting 5, 7, 10? years? With doubt suppressing the price in the mean time, and also that's plenty of time for the rest of the world to ramp up production so that prices can be relatively close to low cost production time. A few years ago we were excitedly raving about AGY's first mover, fast track advantage. That has now sailed. The price boom was shorter than expected, arguably higher but AGY missed it, and global ability to ramp up production is a bit more rapid than we were expecting.

***7. AGY <$200,000,000 MC

Yep! Glad I sold when it was higher. After the CR it'll be a bit higher, but of course the share price will be lower so a higher market cap will be cold comfort to holders. The market is waking up to the lack of competence and credibility displayed by AGY and the market cap is reflecting that.

When this is the best list of positives, not even focusing on the nepotism, carrot dangling, destruction of credibility etc, it's really not that compelling.