AGY 7.69% 4.2¢ argosy minerals limited

Ann: Rincon Lithium Project - Progress Update, page-35

  1. 137 Posts.
    lightbulb Created with Sketch. 38
    "...continuous plant operations from 27 April 2024, at our Rincon Lithium Project." Those words came faster than I expected. Admittedly, "...9.7t of battery quality lithium carbonate" is a long way from desired/expected production levels, however some progress is better than nothing.

    More interesting/encouraging is...

    "The Company has further advanced potential product sales arrangements, following product testing works that achieved very positive product quality test results. The Company is determining its ideal sales/off-take strategy and timing for current product sales."

    This paragraph would suggest that 'continuous plant operations' puts AGY/Puna on the front foot to further pursue those sales/off-take agreements that seem to be a necessary requirement before the wider market will re-rate/increase AGY sp/market cap. AGY sp @ 12,13c is too cheap, but concede the market awaits more milestones/achievements before there will be any meaningful re-rating. So again, we wait...
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
4.2¢
Change
0.003(7.69%)
Mkt cap ! $61.14M
Open High Low Value Volume
3.9¢ 4.6¢ 3.9¢ $556.4K 13.01M

Buyers (Bids)

No. Vol. Price($)
2 2026489 4.2¢
 

Sellers (Offers)

Price($) Vol. No.
4.4¢ 193027 2
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.