A few of my own observations from reading the announcement several times
I don't think this was the announcement they were wanting to put out, It almost seems they put something on paper because they had too given their own ' hook or by crook' end of May Deadline.
The first part of the announcement does not include time frames of producing/testing the 1kg sample. Could the 1kg sample have been sent to an independent Lab days or weeks ago and the results only obtained recently? Independent lab results don't just happen overnight. Surely there has been further development and tweaking going on.
Having the Gas turned on to seems a fantastically simple solution to removing "soluble impurities" which would help raise the grade. The local Bureaucrats must have promised and under delivered, they missed their deadline to get the gas approval box ticked at their end, This would very much put Argosy Management in a spot of hot water and force their hand on an undesired Announcement.
I find this part of the announcement momentous as it references a relevant and measurable time frame
The product quality and process test-works phase COMPLETED TO DATE provides confirmation for the Company to produce consistent productto meet potential customer requirements of battery grade LCE product specification, and the Company will continue processing works to prepare these customer samples for their own quality confirmation and testing, and then for subsequent initial commercial sales.
My take on this paragraph is that it blatantly outlines that we have as of today (5/6/2018) have confirmation from Argosy that they have consistently produced battery grade lithium that will meet potential customer specification and are preparing the samples to send out. Apart from a grade (minimum 99.5% which they may not wish to announce until independent testing takes place) I find this an outstanding statement.
I am of the opinion that further announcements will be held in a more favourable light by investors across the board and will follow in quick succession.
These of course are only my observations but I find much comfort in holding Argosy Minerals at this moment
Time will tell - it always does
AGY Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)