AGY

8.14%

9.3¢ argosy minerals limited

Li-related News/Articles/Reports, page-5906

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Mlc2318

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23/11/23

16:03

Post #: 71072608
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Originally posted by Sdaji: ↑

I haven't been posting much for the last month or two because frankly, there hasn't been anything positive to say and people around here get pissy at you unless you're bullish (they'll always love bulls especially in bearish situations where they're basically adoring a Judas goat). A couple of months ago people here were arguing with me when I said lithium prices could well go lower and I didn't see any guarantees of a price floor people were talking about. I really didn't want to be right, but we have indeed fallen over the last two months.

Looking at the chart over the last two months (below) as well as the markets, demand, inventories, etc, I can't see any clear reason to think the trend is over.

I'd much rather be posting extremely bullish material and I know I'd be loved for it even/especially if I was completely wrong, and I do hope lithium prices bounce as soon as possible, but other than hope I can't see any reason to see that we've hit the bottom.

I'm not sure what lithium prices will be like in a year or two but before then I'm not bullish. The best cure for high prices is high prices and we recently had very high prices. Of course, the best cure for low prices is often low prices so we might see prices rise, but the lag is likely to take 1-2 years or more since there is a long lead time between the start of a project and that project putting lithium into the market. Lithium prices don't have a huge impact on the price of EVs so prices themselves aren't critical in determining EV production/sales - we need production due to demand to increase beyond the lithium supply for prices to increase.

Either way, AGY urgently needs to get production online before a CR is required or it faces disaster; raising capital while lithium prices are low and production has failed for so long wth such severe missing of targets would be very difficult and expensive.

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fully agree the same maniacal rampant bull poo pooed me when we were at 20 odd cents and I said I was listening to some very connected guys talking on a Twitter space who said Argosy was gonna be shafted down to 14.5 … told me if I have anything intelligent to say not to say anything at all. And where did it go ?? 14.5 cents.. the reason I blocked him hes nauseating

AGY Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 9.3¢		Change 0.007(8.14%)		Mkt cap ! $135.4M

Open	High	Low	Value	Volume
8.9¢	9.4¢	8.7¢	$168.6K	1.860M

Buyers (Bids)

No.	Vol.	Price($)
1	100000	9.0¢

Sellers (Offers)

Price($)	Vol.	No.
9.3¢	299999	1

View Market Depth

No.	Vol.	Price($)
1	100000	0.090
3	472915	0.089
3	78883	0.088
2	184482	0.087
4	164883	0.086

Price($)	Vol.	No.
0.093	299999	1
0.094	14000	1
0.095	269294	3
0.096	405763	3
0.097	50000	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

AGY (ASX) Chart

Li-related News/Articles/Reports, page-5906

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Li-related News/Articles/Reports, page-5906

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