AGY

2.27%

8.6¢ argosy minerals limited

General Comments & Banter, page-98

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rjohnson1234

6,476 Posts.

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22/02/18

18:43

Post #: 31268050
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Originally posted by BytheHorns ↑

MM love your work and enthusiasm but above post is a bit off the mark:

Market Cap = Shares On Issue x Share Price
or
SP = Mcap / SOI

Market Cap essentially reflects what the market values a company at...

A higher Market Cap is what we are all hoping/wishing for as this will be reflected in a higher SP.

Shares on Issue can be a bit of a catch 22....

More shares on issue means more liquidity / bigger turnover of shares which usually attracts traders

On the flip side:

Less shares on issue usually means a tighter register so when interest in a company grows the more appreciation there will be in the SP

The good thing with AGY is that 50-60% of Shares on Issue sits with Mgt/extended family/friends & other long-term holders.

The topic of 'free-float' is probably for another time.

Anyway to give other a bit of a comparison here is the current shares on issue across various ASX Li plays... (does not include unlisted options etc)

AGY - 913m
AVZ - 1,798m
AJM - 1891m
GXY - 413m (consolidated 1:5 in May 2017)
KDR - 350m
LPD -2,880m
LPI - 210m
NMT - 543m
ORE - 254m
PLS - 1,615m
TAW - 504m

AGY are about middle of the road with regards to SOI but remember on development of Stage 3 they will have 90% ownership of Puna Mining Co JV / Rincon project.

ORE have a 66.5% share of the Olaroz project with Toyota (25%) and the local Jujuy Gov't entity JEMSE (8.5%).

LPI have 50% ownership of their Micarunga project but they and their local partner (who have the other 50%) will have to give up a further % of profits to Chilean Gov't (all but guaranteed - see GC's recent post re: talks falling over). IMO - the small number of shares on issue / lack of liquidity is why they probably haven't attracted the interest of traders and seen the same SP growth other Lithium plays have over the last 12mths.

For AGY - some further dilution to step up to Stage 3 is expected as the Capex requirement will be approximately $120-$160M depending on targeted nameplate.

IMO, Mgt will look to secure the majority of Stage 3 funding via a strategic partnership / off take agreement with the remainder via debt funding which will have a relatively short payback period given expected revenue.

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A lot of work now with this new Button having to tick like and great analysis !

I would love a do not like button for the trolls

AGY Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
28 Upvote

0 Great analysis

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(20min delay)
Last 8.6¢		Change -0.002(2.27%)		Mkt cap ! $125.2M

Open	High	Low	Value	Volume
8.9¢	8.9¢	8.6¢	$197.3K	2.273M

Buyers (Bids)

No.	Vol.	Price($)
4	366693	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	274292	2

View Market Depth

No.	Vol.	Price($)
4	366693	0.086
14	901035	0.085
1	11916	0.084
4	199677	0.083
2	61500	0.082

Price($)	Vol.	No.
0.088	274292	2
0.089	227131	4
0.090	968990	6
0.091	100000	1
0.092	21869	1

Last trade - 16.10pm 21/06/2024 (20 minute delay)

AGY (ASX) Chart

General Comments & Banter, page-98

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

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ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

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Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

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General Comments & Banter, page-98

Top Stories

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ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Belararox delineates another porphyry in Argentina at Tambo South

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Cultural heritage agreement puts Walford Creek exploration back on the map

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News