Li-related News/Articles/Reports, page-628

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Simoncho

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26/10/21

09:47

Post #: 57069485
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Originally posted by Rotane: ↑

Well, it says it all: production start late 2024-25, feasibility studies still to be done, no at-site pilot plants built ---> speculative trading

Fun fact is that AGY has already been there, albeit with a different market sentiment. In 2018 the plan was to push to get a big plant financed. As any other start-up in any other industry, conventional lending was a no-go, mainly because construction risk, non-tested management, etc. So AGY embraced to a modular strategy and accordingly, underwent a capital raise it could afford.

I would love to see all other brine juniors in 2025: "Yeah mate, Li prices have chilled from 2021 peaks, our technology is still to be proven at scale, our offtake agreements expired long ago but we still want our $200m to build the plant, can you give us the money?"

Resource size is meaningless if not accompanied with a proven extraction method. The better if it is proprietary technology like AGY's.

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Bang on. Did you see those cheeky devils at CXO just announced the construction of their spod mine as:

- "Finniss is the newest lithium mine in Australia (OK, TRUE) and the only new Australian company forecast to initiate lithium production in 2022 (WHAAAA...?)"

- "Core uniquely placed on the ASX, as Australia’s next lithium
producer" IF THEY MEAN THE NEXT ONE OPERATING IN AUSTRALIA, SURE, BUT NOT THE NEXT PRODUCER ON THE ASX

Any ideas where to email a complaint or should I just try the ASX website?

AGY Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.8¢		Change 0.005(6.02%)		Mkt cap ! $128.1M

Open	High	Low	Value	Volume
8.5¢	9.0¢	8.5¢	$53.43K	600.9K

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1	46070	8.8¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	46160	0.088
1	6914	0.087
1	30000	0.086
2	45000	0.085
1	35714	0.084

Price($)	Vol.	No.
0.089	1913	2
0.090	81688	3
0.091	100000	1
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Li-related News/Articles/Reports, page-628

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Li-related News/Articles/Reports, page-628

Top Stories

Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm

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