AGY 13.6% 9.2¢ argosy minerals limited

whilst it is tempting to jump in at lows, AGY has a level of...

  1. 2,959 Posts.
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    whilst it is tempting to jump in at lows, AGY has a level of uncertainly which makes it a prime candidate for shorter manipulation. Mainly the fact they ahave not got to a steady 2000tpa operation milestone.

    Its better to wait for the LCE price to bottom and show strength before topping up. Against this negative industry sentiment, you would be hard pressed to drive fair value into the shareprice with shorting all around

    As an example:

    we had ATL investment at 14c - that should have caused us a premium - it did not
    We had environment approval for the 10ktpa operation, we went down
    We had increased acerage in lithium triange - we go down

    Shorting causes these significant devaluation events where even against logic and fundamentals , a share price can drop to ridiculous levels. Retail investors that sell at lows are the target for insto shorters and are the real victims, but those that hold through will be rewarded in the long-run. The ASX and its insto participants tells us shorting creates a fair market, but in truth the market is even more mispriced now that insto's can manipulating things up and down. its a matter of which side they are on to see the extremes of manipulations.

    right now the game is short lithium, retail selling out lose and insto's benefit... a dead cat bounce is coming but the fundemental LCE price is the real change we need
 
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Last
9.2¢
Change
0.011(13.6%)
Mkt cap ! $133.9M
Open High Low Value Volume
8.4¢ 9.6¢ 8.3¢ $761.7K 8.626M

Buyers (Bids)

No. Vol. Price($)
1 14047 9.2¢
 

Sellers (Offers)

Price($) Vol. No.
9.4¢ 10000 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
AGY (ASX) Chart
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