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5.13%

4.1¢ argosy minerals limited

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Launched

2,412 Posts.

2608

01/04/19

09:36

Post #: 37946447
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Originally posted by grayps: ↑

Well done Launched,

It was an absolute pleasure to read, and also the most sensible thing I've read in a while.

One angle that keeps niggling is why would Mitsubishi go to this much trouble and then leave the door open for the Koreans? I understand that they may not require more than 100 MT's at present but surely they would want a far greater quantity at their fingertips when they ramp up.

As for the share price, I am still suspicious of how it was sold down to a certain level and then trading came to a screaming halt. So similar to previous movements.

Good luck to the faithful.

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Thanks @grayps
To put your niggling thoughts to bed think of it this way.

We have a pilot plant to prove the process and get it all right going forward.

Mitsubishi have our Stage 3 to watch from the sidelines and ensure it's all running to plan before they need to risk mega bucks.

The Koreans take the risk but get the product earlier.

The Japanese get their foot in the door and have first bite of the cherry to upscale further once all the boxes are ticked on an even larger scale...

As I said before - plenty of upside!

AGY Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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(20min delay)
Last 4.1¢		Change 0.002(5.13%)		Mkt cap ! $59.69M

Open	High	Low	Value	Volume
4.0¢	4.3¢	4.0¢	$276.2K	6.731M

Buyers (Bids)

No.	Vol.	Price($)
1	70942	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	500009	2

View Market Depth

No.	Vol.	Price($)
1	70942	0.040
9	1306222	0.039
12	1741094	0.038
7	702648	0.037
23	2108263	0.036

Price($)	Vol.	No.
0.041	500009	2
0.042	956823	1
0.043	2156941	4
0.044	864090	8
0.045	661550	11

Last trade - 16.10pm 08/10/2024 (20 minute delay)

AGY (ASX) Chart