AGY

2.50%

4.1¢ argosy minerals limited

Li-related News/Articles/Reports, page-8514

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12/06/24

10:01

Post #: 74272685
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Originally posted by Rob826: ↑

I think it's pretty straightforward mate, the market is in oversupply. China's market manipulation, including prices and contracts, is a constant factor in their business practices and won't change anytime soon. This is similar to concerns about short sellers—they're always present, so there's no point in worrying about them. The same applies to Chinese manipulation.

The main issue here is that many are in denial about the current supply and demand situation. The reality is that the market is oversupplied now and is expected to remain so for a few years, with projections suggesting a return to deficit around 2028. This puts AGY in a difficult position, as an oversupplied market makes it very challenging to secure CAPEX funding.

IMO, a CAPEX funding deal is unlikely to be reached this year or next unless JZ is willing to yield in negotiations with a potential partner, resulting in an unfavourable deal for AGY/Puna. However, JZ may be too stubborn for that, and it would undermine his previous statements about "waiting for the best deal." Therefore, AGY needs to wait until market sentiment and prices improve, which could take a couple of years.

In the meantime, the focus should be on getting the 2 ktpa facility operational. It needs to produce at around 55-60% capacity just to break even, so that would be a good start. Additionally, securing an offtake agreement is crucial because production is pointless without buyers.

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Glad you are making good use of your retirement time.
You've been posting since 5a.m.

Nevertheless, this whole post is a generalization applicable to all developers in the Li space.

Why don't go you back to your Canadian threads and post it there? Lots of rampers there lately you should moderate. I heard of someone suggesting building a 80kms road across the canadian forrest for a song.

AGY Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
5 Upvote

1 Great analysis

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(20min delay)
Last 4.1¢		Change 0.001(2.50%)		Mkt cap ! $59.69M

Open	High	Low	Value	Volume
3.8¢	4.1¢	3.8¢	$187.1K	4.749M

Buyers (Bids)

No.	Vol.	Price($)
6	232615	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	723091	4

View Market Depth

No.	Vol.	Price($)
6	232615	0.039
7	1405821	0.038
14	1827269	0.037
28	3602870	0.036
27	2449706	0.035

Price($)	Vol.	No.
0.041	723091	4
0.042	1818672	7
0.043	1762500	3
0.044	571335	5
0.045	597150	10

Last trade - 16.10pm 11/10/2024 (20 minute delay)

AGY (ASX) Chart

Li-related News/Articles/Reports, page-8514

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Issues emerging as Australian companies tackle critical minerals challenge

NRW Holdings inks $109M deal with BHP for works at Jimblebar

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Li-related News/Articles/Reports, page-8514

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Cauldron Energy reports "excellent" uranium assays in latest drill run

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

Issues emerging as Australian companies tackle critical minerals challenge

NRW Holdings inks $109M deal with BHP for works at Jimblebar

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News