Ann: Results of Meeting, page-10

First 10 Last

Share
Profile

Follow
givemethecash

6,525 Posts.

820

24/05/24

21:02

Post #: 74001753
Share

Originally posted by WhiteCollared: ↑

I was in attendance at the AGM today.
Biggest takeaway was that the team are learning a lot of lessons and gaining a lot of experience in complex lithium brine production as a result of the last six months. Jerko used the word 'demonstration' a bit in terms of the production outcomes of the current operation.
They can't tell us when they'll be pumping out 160 tonnes per month but they are currently pumping out 500kg a day with a goal to incrementally increase.
However in terms of a money they don't want to pump out massive volume RN with such a depressed price.
These lessons are all going to feed into the 10,000 production expansion.
Redevelopment of the current plant is unlikely, plan is to build big next door.

There are challenges with tariffs and supply chain/logistics getting to site.
Big delays to get parts, reagent costs - this has been one major reason why progress has been slower than expected.
Milei federal government understands this barrier and is keen to resolve however politics/bureaucracy takes time.

ATL has pressure on them to increase their lithium supply.
They have a vested interest in ensuring AGY/PUNA ensure the spice flows lol (not a direct quote)
They need to do their qualification process and we should expect more news once this has been completed.
It's been a relationship over years.

No cap raise planned but as lessons come in from the continous production ramp up there will be a clearer picture of capital requirements.

¬ ¬ ¬

If you want to get rich overnight you should probably sell up and go somewhere else.
If you are a patient longterm holder AGY is looking good.
not financial advice DYOR GLTA

Expand

So the take away is AGY are producing 3.5 tonnes a week / 15 tonnes pcm at this stage?

Last edited by givemethecash: 24/05/24

AGY Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

TVN

'More direct' access road to give Tivan licence to drive at Oz's first fluorite facility

STO

Santos jumps +15% as ADNOC takeover deal digested

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

4DS

4DS Memory tanks as microchip tech tests fail to produce result

First 10 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.5¢		Change 0.000(0.00%)		Mkt cap ! $21.83M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$64.63K	4.309M

Buyers (Bids)

No.	Vol.	Price($)
27	6464069	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	709474	5

View Market Depth

No.	Vol.	Price($)
25	6232069	0.014
11	3338076	0.013
11	3923386	0.012
6	3190000	0.011
8	3349700	0.010

Price($)	Vol.	No.
0.015	709474	5
0.016	1704393	12
0.017	938216	8
0.018	1806328	18
0.019	2745777	11

Last trade - 10.39am 16/06/2025 (20 minute delay)

AGY (ASX) Chart

Ann: Results of Meeting, page-10

'More direct' access road to give Tivan licence to drive at Oz's first fluorite facility

Santos jumps +15% as ADNOC takeover deal digested

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

4DS Memory tanks as microchip tech tests fail to produce result

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Results of Meeting, page-10

Top Stories

'More direct' access road to give Tivan licence to drive at Oz's first fluorite facility

Santos jumps +15% as ADNOC takeover deal digested

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

4DS Memory tanks as microchip tech tests fail to produce result

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News