AGY 6.98% 4.0¢ argosy minerals limited

2024 Charts, page-1018

  1. 5,644 Posts.
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    Irrational fear is not the same as legitimate concern.

    It's obvious that the production rate has not improved (they'd have told us last week if it had).

    More funds will be needed before the end of the year which means another capital raising will be done in about 2-3 months. It's extremely unlikely they can do it again at a premium (it as an impressive job doing it the first time, although it only kicked the can down the road by about one quarter).

    The current bid is sitting one pip above a multi year low. It's most likely that level is going to fail soon and a new low will be set.

    None of this is fear, it's not irrational, it's just reality. If AGY ends up being a success, and it possibly might, the right time to be buying/holding isn't now. If you're a long term holder who doesn't want to think about it and just wants to buy and forget for a few years that's fine, but if so you wouldn't be reading these forum discussions.

    Not all negativity is irrational fear. Being a good trader or investor includes recognising when things are bad, and an especially important aspect is to see what's going on and act before the market is spoon fed and the opportunity to buy or sell is missed.
 
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Last
4.0¢
Change
-0.003(6.98%)
Mkt cap ! $58.23M
Open High Low Value Volume
4.2¢ 4.2¢ 3.9¢ $251.1K 6.274M

Buyers (Bids)

No. Vol. Price($)
1 200000 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 666591 2
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
AGY (ASX) Chart
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