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8.5¢ argosy minerals limited

Li-related News/Articles/Reports, page-5346

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generalernesto

218 Posts.

119

07/09/23

08:54

Post #: 69763762
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Originally posted by Jezzaaa: ↑

I'm talking about the industry not the company.

If you would like me to address the company then sure:
All in all I saw this share price plunge coming, spot price was already starting to plummet mooonths in advance of our plunge so anyone who could put 2 and 2 together could see it coming.

Why didn't I sell? Because the announcements said permits were due to be announced that quarter, in line with funding partner and offtake. So why would any sane person sell that quarter?Guess what, basically a year later and still no permit.

These are the same reasons I didn't sell at 48c many years ago on the last peak -- the ol' carrot on a stick with the "imminent" announcements.

Everyone's in the same boat mate, yes there's nuances and delaying of timelines.

At the end of the day on average it takes 10 years to get an operation into swing, turns out we weren't that promised "fast-track" operation that would be an outlier of that statistic, we all thought we were different. Now, we are that statistic itself, taking that incredibly long time to get going. And now we are the "median". Can you be that unhappy being a median time development wise? We are only the 2nd lithium chemical producer on the asx. Alkem, formerly known as orocobre was the only one before us and they had the same issues. The minute we stop believing we're "special" and deserve special things to happen then the better off we'll be. This thing will be a hard grind but we will get there to $1-2 JUST LIKE OROCOBRE DID, who experienced similar issues.

Am I happy with Jerko though, no, not really.
But he said this many years ago... That lithium is a new kinda thing and this is most people's first time with it really; everything's unprecedented. so honestly when it comes to being the director of a lithium company I think everyone is figuring it out as they go. I don't blame him, Jerkos got heart and he tries his best. At the end of the day is it him personally holding the vials and doing the chemistry, no. Is it him signing off our permits on behalf of Argentina, no. He's just the head poncho who takes accountability.

My summary with this whole thing is... "It is what it is" if your investment thesis is suddenly broken by these delays then sell. I'm talking to anyone when I say this. Seriously.

Is my thesis broken? No.

If I have to wait 3-4 years then I'll wait. When Pablo sorts out this commissioning stuff and those permits get approved one day, and the 12,000 plant is in swing I'll sell my 1.5mil shares for $1-2 and enjoy the rest of my days in a beautiful house without a mortgage. Im just honestly grateful and thankful there hasn't been any "game stoppers" that ruin our project. It's all happening, just "time".... As with every other company.

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yeah u always hit the nail on the head jezzzzzaaaa.. wish I could articulate my thoughts like u I think a lot of us share ur thoughts and are in the same boat.. cheers for all of ur input

AGY Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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Li-related News/Articles/Reports, page-5346

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Electro Optic Systems inks 92% revenue growth for 1H CY24

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Li-related News/Articles/Reports, page-5346

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Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

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