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3.5¢ argosy minerals limited

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15/02/21

22:15

Post #: 51012909
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Originally posted by VivaLaVida: ↑

A quick recap on the Rincon Project ownership.....

AGY is an Australian company based in Perth.

The Rincon Project is a JV with an Argentinian company called Puna Mining (owned by Pablo Alurralde and Francisco Mendendez... Pablo Alurralde is the lithium processing expert managing the project on the ground in the Salta Provence of Argentina).

AGY currently owns 77.5% of the Rincon Project (and has the rights to earn up to 90% - I think upon the commercial production milestone).

All Rincon sales go through Puna Mining's books, ie NOT AGY's.... hence you won't see any sales revenue on AGY's cashflow reports.

I fully expect that all revenue generated will be held by Puna Mining for reinvestment back into the Rincon Project - hence neither am I expecting to see any fund transfers coming into AGY's cashflow report.

@Koi-7 - I very much doubt that AGY will disclose the sale details, as the sales agreement and terms (including price) will more then likely be considered commercial in confidence (by both sides of the sales agreement).

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How does that work Viva, If we own 77.5% moving to 90% yet sales funds go to puna? At what stage does AGY recieve sales funds?

Good to see posts from you again mate.

AGY Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $50.95M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.5¢	$148.5K	4.241M

Buyers (Bids)

No.	Vol.	Price($)
4	277877	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	477816	6

View Market Depth

No.	Vol.	Price($)
4	277877	0.035
20	2415124	0.034
13	1395935	0.033
6	823000	0.032
3	504333	0.031

Price($)	Vol.	No.
0.036	477816	6
0.037	1772505	13
0.038	1243900	6
0.039	1569010	9
0.040	1220475	6

Last trade - 16.10pm 13/11/2024 (20 minute delay)

AGY (ASX) Chart