AGY 7.69% 4.2¢ argosy minerals limited

Li-related News/Articles/Reports, page-8468

  1. 2,813 Posts.
    lightbulb Created with Sketch. 1349
    Great research mate, very interesting and things I didn't contemplate. For those holding, this truly is the definition of a bottom drawer stock for a very long while yet. Frustrating but is what it is, "reinventing the wheel" rarely works. Pays to diversify. Most lithium juniors getting smashed, copper/gold next as I believe lithium will take a long while to recover yet, and more so for the ones with stale and slow-progressing fundamentals.

    I read a post I think from crazyhorse, suggesting a 'plan B' for AGY to diversify into copper/gold, but realistically management are not capable, adding on that they don't have cash to spare to do so. It's a nice thought though, and one that could create some shareholder value in the medium term, conditional on the project of course and if they follow the time-proven hand book and not 'reinvent the wheel' again.

    A cap raise is almost certain at this point. Perhaps they can tap the market for a few more million sheckles to diversify their portfolio.

    Progress updates generally released between 11th-19th. Interested to see where they're at production wise.
 
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.