ARGOSY MINERALS LIMITED (ASX:AGY) - Ann: Quarterly Activities Report - December 2023, page-164 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by MtnMusic ↑

Um, lets zoom out of the trees for a minute.
Remember the conversation a while back about whether we were producing all battery grade or some technical grade.
Someone emailed JV who conformed the goal is the moonshot - 100% battery grade.

Look at the Sept23 quarterly on 26-Oct-23:

We then had two Ricon progress updates.
17-Nov-2023:

11-Dec-2023:
No mention of becoming the 2nd...or of production volume. Regards rectification works:

Look at the Dec23 quarterly this week:

To me there is clear progression.
Pre & Nov - Problems identified/solutions determined, equipment ordered/in transit
Dec - New cloths in, ancillary parts being installed. Output minimal (better not mention it). Test works started with variations in flow rate & filter press configuration
Jan - Equipment changes all but completed. Filter press plate configuration solved. We're down to tweaking the flowrate variation. Mention of output volume returns.

That there has been a slight change to the commentary wording around 99.5% battery grade is IMO:
* Simply showing the focus is still the moon and battery grade.
Remember we've produced up to 99.9%, so there is considerable leeway for the perfectionists to dial back their moonshot and accept lower % and still be BG classed, if that means the PFSC is producing at or approaching nameplate & pumping $.
Finish top of the EPL or bust, or dial it back a tad and go top 4 EPL and still qualify for Champions League & make $.

Also, eventually comms move on.
Like we're producing an organic product - does the customer want to know we achieved the cutoff by 4 points or two points, no they just want to know it's organic.

* Responding to investor concerns about cut and paste/clarity.

I think we're through the sleepless part of 'production hell' and on the cusp of the increasing output (at stockpiling/sellable, money printing %, whatever that turns out to be 99.9, 99.8, 99.7, 99.6 you get my drift).

Looking forward to discussing something else

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Lot of stressed out holders here and I completely understand if you were in for the short haul.

I completely agree with Rob, I’m looking for a re entry looking like around 8c, absolutely a bargain if if gets to that.

This market has been burnt to a crisp of life but it’s nothing more than complete market manipulation.

This year will prove the fact that production will not meet demand. I genuinely read the cards well so I expect a huge upturn Qtr2 this year.
They can f* us today and tomorrow, possibly next month then I believe from previous experience it’s all on.

Put your horses outside the the pub, go and have a long drink and look at the numbers the EV sector is experiencing.

Certainly not the numbers I’m seeing, they still factually quote 30% YOYG

Some suckers still don’t see this.

Traders love this shit, they will play this stock and the sector until the bottom is confirmed.

When to buy again, jeez at 10c temping but look at where we are now. This as to just keeps experiencing new low after new low, when is this going to end…. A month at most I believe, I’ve got cash on hand for once in my life after kicking myself at least three times over the past for being over exposed with no cash on hand.

Opportunistic forecast from me take it as you like.

BTW, I appreciate both Gcars and Robs posts, they both offer views that once balanced seem to give some direction to the road ahead!

If you do not believe that AGY will delaying the next 12-48m I would suggest exiting now.

GLTA.