AGY

2.63%

3.7¢ argosy minerals limited

Ann: Rincon Stage 1 Plant operational, page-108

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DadInvestor

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13/04/18

14:40

Post #: 32439901
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Originally posted by MarketingMan ↑

Nothing will happen until after next week.

"Rincon Stage 1 Plant Operational" announced 3 April 2018.

"Commissioning and lithium brine concentrate processing test-works will progress throughout April. The first batch of lithium brine concentrate for processing test-works is anticipated to produce ~1-2 tonnes of lithium carbonate (“LCE”) product."

The plant has only been officially operational for 10 days - not much time.

Given that the JORC is rather a weighty document signed-off by a "competent person" with appropriate qualifications, before they put their name to it they would want to be sure all source data was verified and all calculations correct. Again, takes time.

I am not expecting any exciting announcements until earliest W/C 23 April 2018 (i..e nothing next week).

These are critical announcements and AGY will not be releasing anything that wasn't carefully checked, open to interpretation, or wishy-washy. These next announcements will be high impact.

I do expect the fund managers and smart operators to start shifting-up the price in anticipation. My guess is that the GENUINE pump-up will start W/c 23 April (again, not next week). We will get a couple of false starts in the meantime.

We will hit low 40's before any announcement drops.

In the meantime, the price will faff around without much meaning.

I think we can all relax and find other distractions (or, hunt for spare cash to buy more AGY).

IMO
DYOR

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A plausible theory

IMO

AGY Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 3.7¢		Change -0.001(2.63%)		Mkt cap ! $53.86M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.5¢	$359.1K	9.763M

Buyers (Bids)

No.	Vol.	Price($)
6	2015083	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	157403	2

View Market Depth

No.	Vol.	Price($)
5	1965083	0.036
26	3441867	0.035
10	928154	0.034
16	2581525	0.033
4	1305000	0.032

Price($)	Vol.	No.
0.037	150000	1
0.038	225179	1
0.039	287418	3
0.040	690961	6
0.041	2615000	2

Last trade - 16.10pm 02/08/2024 (20 minute delay)

AGY (ASX) Chart

Ann: Rincon Stage 1 Plant operational, page-108

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Ann: Rincon Stage 1 Plant operational, page-108

Top Stories

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