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2.70%

3.8¢ argosy minerals limited

Li-related News/Articles/Reports, page-8143

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595 Posts.

148

29/05/24

12:08

Post #: 74061611
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Originally posted by Rob826: ↑

"The current pricing is not indicative of what lies ahead. It simply does not incentivise new projects at the rate they will likely be required."New projects, including Rincon, currently aren't incentivised at current prices, and I agree with that. But like it or not, the larger players (ALB, SQM, LTM, etc) are still aggressively expanding to make up for low prices via higher volume. That's not conducive to a lift in higher lithium prices in the near term. Many here were utterly convinced that lithium prices would lift significantly after Chinese New Year, but it wasn't to be. As @Jezzaaa pointed out, the current pricing situation is something that is likely to take years, rather than months, to resolve. In the meantime, it's an extremely tough environment to attract significant CAPEX investment, particularly when you need around double the current market cap, as AGY does.

While you anticipate that the expansion will be built in a couple of years, I believe it will take that long just to attract investment and get started. Because, as you said, new projects aren't incentivised right now.

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Do you know AGY's costs structure to make such an assertion or are you just making things up?

AGY Price at posting: 13.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.001(2.70%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.7¢	$31.67K	833.6K

Buyers (Bids)

No.	Vol.	Price($)
16	1225723	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	350921	3

View Market Depth

No.	Vol.	Price($)
15	1144642	0.037
8	1278546	0.036
28	4132797	0.035
11	1596154	0.034
13	2513451	0.033

Price($)	Vol.	No.
0.039	350921	3
0.040	1030203	10
0.041	473155	4
0.042	522580	7
0.043	46146	2

Last trade - 16.10pm 14/08/2024 (20 minute delay)

AGY (ASX) Chart