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7.4¢ argosy minerals limited

Ann: Rincon Lithium Project - EIA Approval Granted, page-426

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stevo004

886 Posts.

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13/05/24

11:28

Post #: 73794101
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Originally posted by Rob826: ↑

@stevo004

Hey mate,

Of course that's possible, but dilution is still dilution and it's largely irrelevant who owns those additional 15-25% shares on issue. All that really matters is the intended use of the funds, and whether it builds shareholder value. The upper limit is 25% or 350m shares, and if that occurs at a 20% discount from the current price (10 cents discounted rate), it would only generate A$35m, which falls far short of the reported 10 ktpa expansion budget of US$250m or A$380m.

It seems far more plausible that the forthcoming cap raise will primarily address the operational challenges of the 2 ktpa plant and may include some pre-works spending for the 10 ktpa expansion. However, this still leaves a significant expansion funding gap of over 90%, requiring around A$350m, double AGY's current market cap.

To my knowledge, no lithium developer/producer has ever secured a debt deal or pre-paid offtake equivalent to twice their market cap.

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Bummer but isn’t the build of the 10000t plant being around 250 to 300 mill suppose to be funded from the prepayment of product they will hopefully receive after it’s up & running.Much prefer a big brother holding 25% & potentially helping out when necessary.AIMO

AGY Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.4¢		Change -0.006(7.50%)		Mkt cap ! $107.7M

Open	High	Low	Value	Volume
8.0¢	8.1¢	7.4¢	$360.5K	4.705M

Buyers (Bids)

No.	Vol.	Price($)
3	89403	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	189231	2

View Market Depth

No.	Vol.	Price($)
3	89403	0.074
2	113698	0.073
5	450000	0.072
7	348054	0.071
14	649597	0.070

Price($)	Vol.	No.
0.075	189231	2
0.076	1000000	3
0.077	802800	3
0.078	400000	2
0.079	157590	3

Last trade - 16.10pm 25/06/2024 (20 minute delay)

AGY (ASX) Chart