AGY argosy minerals limited

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1.5¢

Ann: Rincon Lithium Project - EIA Approval Granted, page-347

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Howard Ino

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01/05/24

10:17

Post #: 73601928
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Originally posted by Rob826 ↑

Could be, but those forces apply to all companies on the ASX casino, not just AGY mate. This is where JZ's failure to secure a deal sooner hurts shareholders. Back in late 2022/early 2023, it would have been extremely difficult for a potential strategic investor to hold the SP down. Now, it's a piece of piss because sentiment is in the toilet. There's not much AGY can do to battle any strategic manipulation, other than get the 2 ktpa plant sorted out and ramp production. Unfortunately that looks to be a long way off yet, and it's not a good sign that JZ is now omitting production volume from the quarterlies.

Side note - I thought there were a couple of interesting comments from CG in the article you posted:

“The approval de-risks Rincon, in our view, and shores up the development timeline,” noted Cannacord. “We believe given the long- term nature of the project, debt will become available to the company.”

and

“AGY will need to build production momentum if it is to prove its process and attract a partner for the 10ktpa expansion, in our view.”

A couple of pertinent points there from CG. They've noted that they expect that debt will become available, rather than a pre-paid offtake, and they also noted that AGY will need to build momentum (re: actually increase production) to attract a partner. Seems logical to me.

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Hind sight is a wonderful thing.
If there indeed was a genuine offer back then, when spot price was through the roof, we would be laughing now, but things have changed.
We can only play with the chips we have, you would have to agree that the fundamentals have never been better, with more light at the end of the tunnel, hopefully sunlight and not a train...

AGY Price at posting: 12.8¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $21.83M

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Ann: Rincon Lithium Project - EIA Approval Granted, page-347

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Ann: Rincon Lithium Project - EIA Approval Granted, page-347

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