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3.7¢ argosy minerals limited

Funding, page-2

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Ongoey

36 Posts.

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04/01/19

16:21

Post #: 37026729
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Originally posted by kevin103: ↑

Hi all,
Long time lurker first time poster. Was wondering what everyone's thoughts are about Agy and its apparent delay in obtaining financing deal.
Looking at other players in the similar field such as PLS, KDR and AJM - none of them seem to have any problem attracting project financing.
Also we see players committing billions in building refining plants.
And here we are with Agy looking to raise a measly USD150mil for stage 3 but it doesn't look any closer to a deal.

Funds and finance is defintely pouring into the lithium sector but just not for Agy. Just want to raise this as a concern and start some constructive talk regarding our ability to secure the funding.

Can we sell some tenements like GXY did with POSCO for USD280mil ? I mean what have Gxy done with their brine? Why are they securing these massive deals where we seem to struggle for 150mil.

I am truly stumped ..

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you do realise we don’t have huge tennements to sell don’t you... and their resource is MANY times the size of agy...
think of agy supplying a quality 50 year old single malt ... to a $19.99 Aldi scotch that you wouldn’t wash parts in

Last edited by Ongoey: 04/01/19

AGY Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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