AGY 2.27% 8.6¢ argosy minerals limited

General Comments & Banter, page-61

  1. 5,714 Posts.
    lightbulb Created with Sketch. 3305
    BMO Capital Markets 27th Global Metals & Mining Conference
    "Pretty much biggest insto investor show for mining globally!"

    Of course, we can never know for sure but, rough rule of thumb is AGY seem to drop announcements every couple of weeks; so, next week Mon, Tue, or Wed - could get something.

    On twitter they've said they've hired additional staff (think they said 15) to work in processing and on the ponds. This suggests to me (and based on the green colour of the recent satellite pond photograph on twitter) they're gearing-up for their first production run (which is about right, given their March time frame for first product).

    Plus, they have their final drill hole (R6) to complete (200 metre depth), in their last announcement had reached 70 metres. Might have been delayed by rain.

    It's not just drilling, it's also stopping to take samples at various depths, so could take a week or two (from last announcement). Samples sent to lab. Results. All data would then be used for the JORC Estimate and PEA/Scoping Study).

    So, possible announcements...
    1. JORC & PEA/Scoping Study.
    2. Final drill results
    3. Commenced production
    4. First BG LiCO3
    4. ?

    BUT! Definitely no off-take (too early).

    AGY (Jerko, Alex and possibly Pablo) are attending the conference next week Feb 25-28, Jerko has has a speaking slot, so that will either mean...
    1. Announcement before conference to create a talking point.
    2. Announcement at the conference to maximise publicity.
    2. Delay because they are too busy preparing for the conference and/or attending the conference.

    Looking at all that above, and with March looming I am expecting the smart money will buy-up later this week.

    February 25 is next Sunday.
    The share price is at a nice low.
    Volumes are picking-up.

    Would be brave lithium investor to not be holding AGY come Friday.

    But! It's the share market; anything could happen.
    All you can do is look at the tea leaves.

    IMO
    DYOR
  2. This thread is closed.

    You may not reply to this discussion at this time.

 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
8.6¢
Change
-0.002(2.27%)
Mkt cap ! $125.2M
Open High Low Value Volume
8.9¢ 8.9¢ 8.6¢ $197.3K 2.273M

Buyers (Bids)

No. Vol. Price($)
4 366693 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 274292 2
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.