12 May 2016, AGY announced the signing of the Option Agreement, pending due diligence.
8 June 2016, AGY executed its Option Agreement on Mina Teresa and Pocitos via Ekeko SA (Dr Carlos Sorrentino), after successful due diligence
1 July 2016, AGY announced HOA agreement to earn interest in a JV with Argentinian company (including Mr Francisco Menendez and Mr Pablo Alurralde)
All the info is on the threads. So all this has been managed in the space of 2 months. From 8 June 2016 technically they should have commenced on obtaining permits, doing geological studies:
"PROJECT STRATEGY Argosy’s immediate strategy to advance the Projects will involve obtaining any necessary regulatory permits and approvals. The Company will conduct geological, engineering and development work programs with the ultimate objective to prepare a bankable feasibility study for the Project(s)."
The work to progress these tasks take time. Regulatory permits and approvals can take a few weeks alone. Will be interesting to hear how they've progressed but I don't see the price as a reflection of management. It's just easy to move prices on no news. I'd rather they get on with the job and release a more in-depth update than manage the SP with tidbits of info...
All IMO
AGY Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
