AGY would have to be 1 of the best spec buys in the lithium space right now. Low market cap, only 420 mill shares out there, a very tight registry with numerous sub holders and board and related family/entities holding heavily. After acquiring 1 lithium project they have clearly made a strong statement they are confident of securing high quality projects that will add significant shareholder value while in the mean time they are proactively working to review and consider new lithium projects and evaluation is ongoing as discussions continue. So directors and associated entities are heavily invested and the board are confident of securing projects that will add significant value.
Tomorrow could be a very interesting day with a great set up today and the past spikes have been overtaken on the next run. As jnnl charting suggested a new break of 2c should see a move into the 3s then 4s. The smoky here is when will discussions and evaluations finalise leading to an acquisition that will lead to adding significant shareholder value. In the lithium space we have the likes of MPJ with a 25 mill market cap. I believe AGY is on the way to eclipsing that on the back of some key acquisitions. Very dangerous to be trying to make a pip here and hoping to buy back cheaper.
AGY Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
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