People that need their money for their personal expenses or want to invest in other prospects in the mining sector , or had enough waiting for AGY to execute OT and funding deals will have sold or will sell today -- fair enough -- sell and move on.
I sold a large parcel of my personal holdings in the .20s because I was building a new house but the Super investment is still there and we have topped up at various lower prices.
The CR at .10c and the fall in the SP today is a GIFT in my view.
Why is it a Gift ? --- these are my reasons :
-- For those that had to or wanted out -- well , buyers ( many new buyers) have bought all that was sold and they must be very grateful for the GIFT. Why did they buy ? -- they bought (irrespective of the price ) because they see huge potential in the growth of the Company and its SP
-- AGY has a proven resource for a 16 year mine life and can and will double/triple the resource as needed/required
-- AGY has a proven process to Battery Grade LCE of 99.5% ++ and now can also produce Hydroxide
-- The inhouse process to produce BG LCE & Hydroxide is worth as much as the resource/brine in the ground which alone would translate to many bags of the today SP
-- They continue to build ponds and increasing the production capacity
-- JZ is on the right track to squeeze the best possible OT & Stage 3/Commercial deal for the benefit of all SH -- hence the CR
-- To date they have not wasted $1 in building the Company to this advanced stage and CRs are a necessary evil to continue to build a Company. The one sided view that CRs are dilutive is correct -- but thats is only in the short term..However if one takes the view that the money raised will be put to good use and build the company further and increase its asset base then the dilution will be surpassed by the growth in the Company's assets and by defenition increase the SP.
For all of the above reasons and being on the cusp of becoming the next commercial LI producer (from brine) I think the current SP is a GIFT.
All that is required by the Company owners (SH) is PATIENCE .
This is not intended to ramp or give financial advice.
DYOR
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Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.6¢ | $290.8K | 7.677M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 118000 | 3.7¢ |
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Price($) | Vol. | No. |
---|---|---|
3.8¢ | 542672 | 3 |
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2 | 118000 | 0.037 |
23 | 2340098 | 0.036 |
28 | 2528206 | 0.035 |
9 | 1766910 | 0.034 |
11 | 1215637 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 542672 | 3 |
0.039 | 872279 | 6 |
0.040 | 1377847 | 6 |
0.041 | 1283382 | 9 |
0.042 | 956823 | 1 |
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