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8.1¢ argosy minerals limited

Ann: Rincon Lithium Project - Progress Update, page-149

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givemethecash

5,819 Posts.

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15/05/24

16:25

Post #: 73840326
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Originally posted by Dwnon4: ↑

Oh my goodness, all this bickering and the forest has been lost in the trees.

We need to ask ourselves ‘why?’ Why was this announcement made halfway through the month with only 2 weeks continuous running when we could have waited a full month?

The only reason I can see is this announcement is a precursor announcement that had to be released to tell a story.

I think this announcement was made because our offtake deal is very close to hitting the market and JZ wanted to let the market know they are producing continuously and the plant works. Here we are, we have a qualified product, we can produce this product continuously and now we have a customer who is paying us X amount for it. We have a proven process to convert a large resource and permits to allow it happen, this is our offtake partner and this is our funding deal to build the next stage.

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I'm so sick of seeing the SP fall year after year
2020 5 cents
2021 13 cents
2022 40 cents
2023 80 cents
(lithium price collapse all lithium stocks sink).
2024 13 cents
2025 30 cents
2026 80 cents
2027 $1.20
2028 $2.50
2029 $3.80
2030 bought out by RIO TINTO for $6
You need to but one if those Big W crystal balls I'm telling you! ;-)

Last edited by givemethecash: 15/05/24

AGY Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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