AGY 0.00% 3.7¢ argosy minerals limited

Why share price dropping

  1. 244 Posts.
    lightbulb Created with Sketch. 34
    The reason is that the company has a large expense, around 100 to 200 million dollars to commence stage 3 pond development and has not yet reached that goal. It was mentioned on the PEA. This was never done before. On the cash flow report AGY is low on cash. I am not saying this is a bad thing. However if support has been provided either by the Argentinian government and/or the South Korean offtake partner AGY can obtain those funds to finance the project. I worry more about the quality over quantity. This progress can be done. It just needs patience.
  2. 4,293 Posts.
    lightbulb Created with Sketch. 607
    Some might be bailing. But I reckon this is a great entry point. That's I bought heaps more this morning. Sit on this for a year and easily double my money.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.