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3.8¢ argosy minerals limited

Benign Banter & Price Predictions, page-4903

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billyen

6,892 Posts.

2861

15/01/18

17:22

Post #: 30318077
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Originally posted by randosmit ↑

An offtake would lock the company to a price point for a period of time, ignoring market forces.

I'd rather no offtake, but a trustworthy set of customers bidding for product on the open market. The price of LCE is only going up as supply doesn't meet demand.

As others have posted before, there's a youtube video of a presentation talking about LCE possibly going towards about $100,000 USD per tonne and not necessarily affecting demand. Would have to look for a reference (anyone?).

Companies are scrambling to lock up supply just now, but there are many customers that have missed the boat already.

All IMO, but many references can be found across the AGY threads over the last few months.

Expand

This is incorrect.

A Off-take deal will NOT have a locked in price!!!

I'll REPEAT....the LCE price will not be locked into today's prices.
(Read the QQ announcement...future pricing will be based on MARKET prices)

Jerko and Alex are too smart...they know what BG LCE is going to do in the next 2-3 years.
Buyers want the SUPPLY locked up-they'll pay market rates.

Also...a OT could be for PART of S2 or S2. Makes sense to have many customers...like ORE does.

If your unsure...contact AGY management.

IMO
DYOR!!

AGY Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
31 Upvote

0 Great analysis

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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.8¢	3.9¢	3.7¢	$91.30K	2.395M

Buyers (Bids)

No.	Vol.	Price($)
1	24999	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	6117	2

View Market Depth

No.	Vol.	Price($)
1	24999	0.038
2	701783	0.037
5	638107	0.036
26	2803406	0.035
9	1181154	0.034

Price($)	Vol.	No.
0.039	6117	2
0.040	1428372	5
0.041	873730	5
0.042	768600	7
0.043	274146	2

Last trade - 16.10pm 06/08/2024 (20 minute delay)

AGY (ASX) Chart