I could be wrong so this is IMO...
I believe the "cornerstone strategic investors" to either be coming out of China or have some relationship with the Lithium-ion Battery sector in China.
Buying shares at such a premium as 3c (which is well above market value) means they have a reason to setup AGY for success and I believe it is in their own interest (the soph investors) to setup a Lithium supply source (given the current and future Lithium market in China). 3 million is peanuts for these boys if we have latched onto one (or more) of these soph investors in China.
Just me guessing at this stage but I wouldn't be surprised if this was the case.
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Ann: ARGOSY RAISES $3M TO FAST-TRACK RINCON LITHIUM-AGY.AX, page-41
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.86M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.7¢ | $45.77K | 1.200M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1412593 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1412593 | 0.037 |
9 | 2551157 | 0.036 |
26 | 3146579 | 0.035 |
11 | 1121154 | 0.034 |
11 | 1913451 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 100000 | 1 |
0.040 | 2038979 | 8 |
0.041 | 666530 | 4 |
0.042 | 242305 | 5 |
0.043 | 296146 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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