AGY 2.63% 3.7¢ argosy minerals limited

2024 Charts, page-989

  1. 5,631 Posts.
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    Mate, I know if I had a garage full of Lambos I'd also totally be going absolutely over the top with insane overanalysis on a company which had a tumbling share price with blatantly obvious causes (collapsed commodity price, company failure to produce and market recognition of failure and dubious future) and only a single potential way it could reverse. I'm not seeing any desperation or denial here at all.

    Jokes aside, for putting in this much work (manually entered data, you say) you sure did miss the single biggest issue.

    It's very simple. AGY hasn't been able to produce at commercial quantity. They've spent many years failing now. The failure of the pilot plant (let's not forget they stated the plan was to use it as a revenue-generating production facility, and they made that plan when the commodity price was much lower than when they gave up and mothballed it) become obvious when they couldn't get the 2KTPA plant to work at more than the rate of the 500TPA plant for so long. Cash burn means another CR is looming. The only thing which can bring the share price up by much is production rate increase. They'll either do that and move up somewhat, or we can watch the share price dwindle until it happens, if it ever does.

    If you genuinely have such faith in AGY as a long term investment and aren't worriedly trying to convince yourself and others you haven't backed yourself into a corner you can't walk away from without losing face, choose one of your many Lambos to take for an enjoyable drive while you wait.
 
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3.7¢
Change
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Mkt cap ! $53.86M
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3.8¢ 3.9¢ 3.7¢ $114.4K 3.011M

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19 2414158 3.7¢
 

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Price($) Vol. No.
3.8¢ 13152 1
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Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
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