Australia's largest stock trading and investment forum Australia's #1 stock forum

AGY

Click for more information

0.00%

8.8¢ argosy minerals limited

General Discussion AGY, page-959

First 959 Last

Share
Profile

Follow
krugerrands

418 Posts.

138

02/07/21

15:59

Post #: 54244544
Share

Originally posted by krugerrands: ↑

Thanks, I'm sure it will be interesting how it comes together and there is much to consider.
Here is looking at GXY.

I dunno.... their statements does not look good either....
This is not a profitable operation either in 2019 or 2020 just on gross profit alone.... not sure what is in the pipeline to change that.
But as things stand for a commercially operational business, from what I see, not good... see below.

That does not look like profit to me.

So yes.
They do have $210M in cash but that did not come from profitable operations.
That came from the selling of assets and capital raising ..... because they had to.
Just looking at the items listed above, that is $300M which would have left them without any casflow to operate if the did not sell/raise.
Now I'm not sure if they made any profit on those assets or if that too was sold at a loss.

And yet.

Another loss making business with $1.9b market cap.

Does anyone know how they intend to become profitable or indeed what I'm missing here?

Expand

Actually I counted wrong... they raised more than $300m.... it's ~$420m over 2019/2020 with assets sales and cap raise.

That is MORE than their current shareholder equity that already includes the $420m!

Last edited by krugerrands: 02/07/21

AGY Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

There are more pages in this discussion • 22,158 more messages in this thread...

First 959 Last

Add AGY (ASX) to my watchlist

(20min delay)
Last 8.8¢		Change 0.000(0.00%)		Mkt cap ! $128.1M

Open	High	Low	Value	Volume
8.8¢	8.9¢	8.6¢	$36.10K	414.1K

Buyers (Bids)

No.	Vol.	Price($)
2	37936	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	15624	1

View Market Depth

No.	Vol.	Price($)
2	37936	0.086
1	11776	0.085
2	211916	0.084
1	12000	0.083
3	154841	0.082

Price($)	Vol.	No.
0.088	15624	1
0.090	34601	2
0.091	381389	1
0.092	119587	3
0.093	211655	3

Last trade - 16.10pm 09/07/2024 (20 minute delay)

AGY (ASX) Chart