AGY 4.88% 3.9¢ argosy minerals limited

General Discussion AGY, page-2962

  1. 774 Posts.
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    The market is irrational and a bloody joke on how it reacts to data/announcements/milestones.

    For example:
    AGY today announced that 2,000T plant is 45% complete with full completion by April 2022 and production starting by June/July on schedule and on budget. Additionally the 10,000T plant extension approval is very close and funding to build , in my estimation is also getting closer by the day. Also drilling to increase the Rincon resource threefold is to commence during Q4 and also to commence drilling at the Nevada project , and the share price goes up by 1.7% to close at 29.5c

    GLN today announced that it has received approval to build a pilot plant & camp permits but they do not have the technology to produce small or scale battery grade Li2C03 99.8% and are years away from potential production, and yet their share price closed up 15% at $1.45 , with a bigger MC at $365ml.

    It does not add up , however facts and the soon to be a producer will soon ensure that the true value of the company will be reflected in a much higher AGY Share Price, which also means that the current share price is way undervalued and in my opinion a bargain.

    AIMHO --DYOR




 
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Last
3.9¢
Change
-0.002(4.88%)
Mkt cap ! $56.78M
Open High Low Value Volume
3.7¢ 4.3¢ 3.7¢ $842.4K 20.96M

Buyers (Bids)

No. Vol. Price($)
12 506572 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 85000 1
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Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
AGY (ASX) Chart
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