"So proof of consistency is probably where we are at. Makes sense."
Yes that is a major part of why these things take so long but we also have other players entering the scene and with hydroxide now also in the mix...Im not aware of the Company having any cutoff dates for new entrants coming on the scene, we are just looking for the best deal for AGY.
Getting finance has always been the biggest hurdle for Lithium startups , in fact any startups, it's why I'm happy they are raising now. A relatively modest dilution now to reduce potentially larger dilution later is what this is all about IMO, investment money is looking likely to move into the sector , so time can have big payoffs in the long-term and Management only think long-term.
In my experience almost everything takes longer than expected, largely because third parties are involved , they are the ones expected to front up with the money for us so they take the time required, the only card we hold is there is more than one party involved....It's the quality of the final deal that counts, after all whats an extra 6 months matter on a project expected to last many years...
I think the standout with Lithium apart from the fact the world is heading for electrification, is there is no other obvious replacement for it the forseeable future with most forms of transport and it's still being continually improved on, so there is little incentive for other methods at this stage. Range is going up and costs coming down.
The range they are getting now is more than the vast majority of car owners need on a day to day basis and many don't need superchargers ,they can top up at home overnight. The Europeans are likely to lead the charge for smaller urban vehicles where the real sales volume lies IMO.
Cheers Whisky
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