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
5.0¢ |
Change
0.004(8.70%) |
Mkt cap ! $72.79M |
Open | High | Low | Value | Volume |
4.7¢ | 5.2¢ | 4.7¢ | $224.9K | 4.583M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 67846 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 208417 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 67846 | 0.050 |
1 | 43478 | 0.049 |
1 | 62510 | 0.048 |
2 | 225000 | 0.047 |
6 | 295616 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 208417 | 2 |
0.052 | 170962 | 6 |
0.053 | 553567 | 8 |
0.054 | 143113 | 2 |
0.055 | 227616 | 6 |
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