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AGY

2.63%

3.7¢ argosy minerals limited

Absolutely, I think if only taking what you've said into...

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jaymes

673 Posts.

104

21/04/17

15:04

Post #: 24196698
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Originally posted by ohreally ↑

as said the reason I say what I've said is for me to judge what would be a good entry right now, I don't want to be the one buying at the top of the hype and waiting 1-2 years to even get my money back, so when I see a companies market cap based on sales that are a year or two down the track then one would be wise to not just buy in assuming it's going to keep running and factoring in even more forward growth, especially when they have turned over a single dollar yet.

those companies mentioned ran hard right in the middle of the Li hype train, now people buy into Li companies with a touch more caution, people calling 15 cents or whatever SP in the short term are basically saying the market should not only factor in S1 and S2 but also start considering factoring in S3, which I'd suggest might be a little too forward thinking for now, if the SP was to rise above 10 cents then I would say something material in regards to S3 will need to hit the market or it will be running on sheer TA momentum and we all know what TA traders do when momentum starts to swing against them, they all bail and drive the price down more, and the smarter buyers start to scoop up shares as the SP finds fair value and starts to level out, just my 2 cents anyway

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Absolutely, I think if only taking what you've said into consideration then that's absolutely the case.

But we were talking about AGY in relation to its peers and I brought up some points before, any thoughts on them?
I'm aware the likes of ajm, pls all caught the li hype last year, but the hype as you said had some what cooled. But those companies mc still remain. So...

AGY Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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