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13.0¢ argosy minerals limited

Bummer but isn’t the build of the 10000t plant being around 250...

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stevo004

853 Posts.

179

13/05/24

11:28

Post #: 73794101
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Originally posted by Rob826: ↑

@stevo004

Hey mate,

Of course that's possible, but dilution is still dilution and it's largely irrelevant who owns those additional 15-25% shares on issue. All that really matters is the intended use of the funds, and whether it builds shareholder value. The upper limit is 25% or 350m shares, and if that occurs at a 20% discount from the current price (10 cents discounted rate), it would only generate A$35m, which falls far short of the reported 10 ktpa expansion budget of US$250m or A$380m.

It seems far more plausible that the forthcoming cap raise will primarily address the operational challenges of the 2 ktpa plant and may include some pre-works spending for the 10 ktpa expansion. However, this still leaves a significant expansion funding gap of over 90%, requiring around A$350m, double AGY's current market cap.

To my knowledge, no lithium developer/producer has ever secured a debt deal or pre-paid offtake equivalent to twice their market cap.

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Bummer but isn’t the build of the 10000t plant being around 250 to 300 mill suppose to be funded from the prepayment of product they will hopefully receive after it’s up & running.Much prefer a big brother holding 25% & potentially helping out when necessary.AIMO

AGY Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.0¢		Change -0.005(3.70%)		Mkt cap ! $182.5M

Open	High	Low	Value	Volume
13.5¢	14.0¢	13.0¢	$383.9K	2.879M

Buyers (Bids)

No.	Vol.	Price($)
15	461604	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	232446	8

View Market Depth

No.	Vol.	Price($)
15	461604	0.130
25	1012176	0.125
39	1138204	0.120
15	1490000	0.115
10	760953	0.110

Price($)	Vol.	No.
0.135	232446	8
0.140	1202671	8
0.145	1484979	12
0.150	1011297	21
0.155	419550	6

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last 13.3¢			Change -0.005 ( 3.92 %)
Open	High		Low	Volume
13.5¢	13.8¢		13.0¢	968210
Last updated 15.58pm 27/05/2024 ?

AGY (ASX) Chart