AGY 0.00% 4.5¢ argosy minerals limited

Li-related News/Articles/Reports, page-1701

  1. 606 Posts.
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    Here is why Rincon was sold: It was incredibly expensive to build and they couldn't arrive at a funding/financing solution. That was two years in the making by the way (for those saying AGY is getting late).

    From there, change in strategy, bring a cheaper unproven technology, market it and get out of business.

    Actually, that is a good learning for all these juniors out there hyping with huge production targets / capex requirements. Here you've got someone claiming to be producing BG LCE that couldn't fund it in one go and eventually had to divest!

    https://hotcopper.com.au/data/attachments/4198/4198230-32378e7bf81afae7a83109d1690ca66b.jpg
    Last edited by Rotane: 23/03/22
 
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