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4.0¢ argosy minerals limited

General Discussion AGY, page-3913

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alpal90

1,261 Posts.

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29/12/21

15:52

Post #: 58551610
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Originally posted by gdscoop: ↑

Comparing SP's is very misleading. For example, if we did a 1 for 10 share consolidation we would be at $3 and still nothing would have changed except shares on issue. It's like comparing apples and oranges. VUL is not 33.3 times as expensive as AGY as implied. If you want to do a fair value comparison, you have to look at their Market Caps. Currently Vul's MC is around 1.36B, whereas AGY's MC is around 348M. So VUL is presently valued approx. 4 times higher than AGY by the market.

I agree that AGY's SP should be higher, but we have to remind ourselves that there are NO other companies that are planning on PRODUCING BG Lithium in about 6 months time (afaik). Comparing a soon to be Lithium Producer to a Lithium Resource company can drive you crazy.

Just think of it this way;
There is a large basket of oranges in different shapes and sizes of various qualities.
On top of that basket is a beautiful Golden Delicious apple named Argosy Minerals.

Cheers
gd

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Let's be a bit more exotic an
d put a red dragonfruit on top.(my fav in thickshake)

AGY Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $58.23M

Open	High	Low	Value	Volume
4.0¢	4.1¢	4.0¢	$11.49K	287.3K

Buyers (Bids)

No.	Vol.	Price($)
2	37544	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	178195	6

View Market Depth

No.	Vol.	Price($)
2	37544	0.040
10	1112563	0.039
11	946707	0.038
14	1541426	0.037
8	984660	0.036

Price($)	Vol.	No.
0.041	176700	3
0.042	840610	10
0.043	878966	7
0.044	1584000	6
0.045	180000	4

Last trade - 10.08am 26/08/2024 (20 minute delay)

AGY (ASX) Chart

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