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1.22%

8.3¢ argosy minerals limited

Ann: Quarterly Cashflow Report - June 2023, page-161

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pierre23

2,756 Posts.

1292

07/08/23

19:58

Post #: 69209797
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Originally posted by dsorg: ↑

Apologies mate, I thought you tossed up the differences between tech and battery grade to avoid answering the question.

Livent has a $200m net profit for the most recent half year.
They currently produce 5000t of product.
They have planned expansions to increase another 25000tpa at a cost of upwards $1.5 billion.

It’s impossible to find two matching apples, but Livent (prior to merging proposals) is the nearest peer that’s producing. We’re not near them in one sense but your negative spin on valuation of the IP is intriguing. Argosy is so far advanced on every other junior and has two very rare commodities: 1: the ability to extract battery grade lithium directly from the ground to the market & 2: one of a handful of chemical engineers who can actually create it.

Good luck with your investment.

Expand

The thing is, no one "needs" AGY's processing IP. AGY are not doing anything new and revolutionary. People are putting far too much value on it.

Before all the cheerleaders get their pompoms out to wave in the air with anger about that last sentence - note I said far too much value, not that it has no value at all.

AGY Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.3¢		Change 0.001(1.22%)		Mkt cap ! $120.8M

Open	High	Low	Value	Volume
8.3¢	8.6¢	8.2¢	$51.68K	619.9K

Buyers (Bids)

No.	Vol.	Price($)
4	112262	8.2¢

Sellers (Offers)

Price($)	Vol.	No.
8.3¢	2703	1

View Market Depth

No.	Vol.	Price($)
4	112262	0.082
5	188250	0.081
6	302048	0.080
5	180670	0.079
4	465240	0.078

Price($)	Vol.	No.
0.083	2703	1
0.084	58430	1
0.086	58823	1
0.087	100000	1
0.088	70000	2

Last trade - 16.10pm 17/07/2024 (20 minute delay)

AGY (ASX) Chart