AGY 2.86% 3.6¢ argosy minerals limited

20 Bagger. Aspiring Lithium Triangle Producer!!, page-876

  1. 8,074 Posts.
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    I reckon a lot have learnt from that, after many losing 50% of their SP in the last 6-12months, I'm aware some have been diluted since, but as said it was also at the peak of the Li hype train where there was huge speculation on costs/prices etc, now we all have a better idea of profit margins etc

    look at poor old ORE forecasting $90m profit FY17 which would put their SP at close to $4.30 yet right now it's at $2.76 and 60% of the volume going through each day is from shorters over the last month, its the most shorted stock on the ASX and in the exact same game as AGY, and here's AGY not producing a thing for about a year and not timetable for S3, so I'm sure you can understand my many reasons for saying the market will be more cautious this time around.
 
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