Your general principal is correct (I haven't checked the math).
High market cap (i.e. more shares on issue) was listed in my analysis as a weakness for this very reason
(https://hotcopper.com.au/threads/fundamentals.3508506/page-824?post_id=31140766#.Wo4ZS-eYO70)
But, other things affect share price...
1. Lithium grade (i.e. price sell product at)
2. Volume of product sold (expansion)
3. OPEX
Ultimately, share price is determined by (earnings per share) X (uncertain market sentiment factor) but, that's a long way off - we are still working on pure market sentiment.
I think the point is, ORE is a good example of a nearby "producing" Lithium company.
We've missed the boat on ORE, but AGY still has multiple bags left in it.
IMO
DYOR
- Forums
- ASX - By Stock
- AGY
- General Comments & Banter
General Comments & Banter, page-87
-
-
- There are more pages in this discussion • 14,812 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.0¢ |
Change
0.003(3.45%) |
Mkt cap ! $131.0M |
Open | High | Low | Value | Volume |
8.9¢ | 9.5¢ | 8.9¢ | $174.4K | 1.901M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 284548 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 12030 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 284548 | 0.090 |
1 | 120241 | 0.089 |
1 | 100000 | 0.088 |
1 | 100000 | 0.087 |
2 | 61226 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 12030 | 1 |
0.093 | 4374 | 1 |
0.094 | 24222 | 1 |
0.095 | 129794 | 3 |
0.096 | 401389 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |