Very disappointing finish today (piss poor), but understandable...
1. Market waiting for tonight to see if the DOW really has stabilized; the ASX was similarly lackluster.
2. Today's announcement was only slightly better than a routine progress report.
3. We saw no real demand or volume. Until momentum builds, AGY will remain a market manipulator's play thing.
4. Only two announcements matter now, a full JORC Resource Estimate (or the threat of one) and proof that the process can produce Battery Grade product.
5. In my humble opinion we won't see a take off agreement until after we start selling product.
The good news is that AGY continues to demonstrate that it is ON TRACK.
Better than that, their approach to a careful drill program and looking to maximize the potential outcome of the resource estimate continues to verify the caliber of the AGY team.
From a short term trader's perspective (those looking for a short term uplift), tomorrow will be very telling. It takes a day for big investors to get around to looking at announcements (make a couple of phone calls) and plan their next move. We could easily see the arrival of a big investor or two wanting to accumulate a large position, a bunch of enthusiastic retail investors isn't going to do much.
Could be a happy valentine's day.
IMO
DYOR
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Last
9.0¢ |
Change
0.003(3.45%) |
Mkt cap ! $131.0M |
Open | High | Low | Value | Volume |
8.9¢ | 9.5¢ | 8.9¢ | $174.4K | 1.901M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 284548 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 12030 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 284548 | 0.090 |
2 | 131741 | 0.089 |
2 | 150000 | 0.088 |
1 | 100000 | 0.087 |
3 | 231226 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 12030 | 1 |
0.093 | 4374 | 1 |
0.094 | 74222 | 2 |
0.095 | 129794 | 3 |
0.096 | 401389 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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