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.
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $58.23M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 4.0¢ | 3.8¢ | $46.60K | 1.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 2299458 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 142348 | 2 |
View Market Depth
| Last trade - 15.59pm 04/11/2024 (20 minute delay) ? |
| AGY (ASX) Chart |