Recyclico Battery Materials Inc. (AMYZF)

[2guys]

Some are using the current market turmoil as an excuse for the lack of execution of AMY management to deliver on certain advertised targets and milestones.

I personally think that the market turmoil has a direct effect on share price, but the lack of execution by AMY and/or any other company for that matter has a more definitive and longer lasting negative effect on share price than the current or any future market condition will ever have.

FMS on the tsx-venture (Focus Metals) recently announced an offtake deal with Hydro Quebec to help develop their graphite anode for Li-ion batteries.

FMS is not further ahead in their graphite business model than AMY is with their Mn project, yet FMS management has successfully negotiated an offtake agreement which is not only showing the market that there is interest, but that this interest can result in a huge deal. (Hydro Quebec is owned by the Quebec Government)

The recent over-promising and under-delivering by AMY management, particulary Reaugh, is quite disturbing and frustrating in that it is consistently occurring.

It's unfortunate because when I first purchased AMY I was expecting common delays, but when a CEO publicly states expectations and timelines that aren't met on an ongoing basis, then something is not right by my books.

Hopefully I'll be proven wrong, but I no longer plan to hold my remaining AMY shares for the long term until I see a change of direction and actual execution of their business plan as stated publicly by the CEO. atb