AGY

41.2%

4.8¢ argosy minerals limited

The repeated failures have resulted in enormous volume going...

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Kaeho

7,122 Posts.

1661

27/07/24

15:52

Post #: 74944688
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Originally posted by pierre23: ↑

Highest weekly volume in the companies history, and it was done on a huge sell off for the obvious reasons. From a technical standpoint (arguably backed up by fundamentals) this should trade lower once again in the coming months. IMO not before the traders trade it up to 7-10c. Big volume, massive profits to be had for short term trading, but LT investors should set their expectations that lower prices may still ensue.

Unfortunately, no value left in the company apart from the small stockpile of lithium they have left over. Sub ~40m value in infrastructure (likely worth much, much less, as only half would be useful to a purchaser, and the other half would have no use). No added theoretical value yet looking forward, as 10ktpa cannot be constructed for various reasons (funding being the main factor). Lithium price unfortunately doesn't have much of a bearing for AGY, as they are unable to complete 2k ramp up successfully.

I was looking for their gameplan in the latest announcement, but as suspected they don't even have one. Sit and wait for lithium price to recover in 3-5 years, won't bode well for the company. Working on 10k engineering reports may hype the market slightly, but definitely won't provide any sustained shareholder value. Also no specific details on how they're actually going to be preserving capital - all so vague.

Some people want to compare to the big boys - when they announce C&M, they go into detail into exactly how they're going to cut expenditure, what they expect to save over (x) period, and their long term plan moving forward. Nothing like this from AGY.

The short term traders may indirectly provide a decent exit opportunity ('decent' being in the scheme of things). IMO can't see value here for at least another 5-10 years, and that's if they survive VA before then (which I suspect they may, but to the detriment of incredible dilution with a barrage of raises).

IMO ONLY, GLTA

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The repeated failures have resulted in enormous volume going thru at lowball prices. You bet all recent buyers wont be holding for 80c…..even back at 8c they will be up over 100% ripe for profit taking. This dog will take an eternity just to churn thru all that volume. Nice one again Jerko…..just sit back and enjoy the salary from your 3 dog companies while your loyal followers suffer.

AGY Price at posting: 4.8¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.8¢		Change 0.014(41.2%)		Mkt cap ! $69.88M

Open	High	Low	Value	Volume
3.7¢	5.1¢	3.6¢	$2.325M	53.80M

Buyers (Bids)

No.	Vol.	Price($)
4	708717	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	280000	1

View Market Depth

No.	Vol.	Price($)
3	649043	0.048
3	190000	0.047
5	575273	0.046
5	156385	0.045
3	172040	0.044

Price($)	Vol.	No.
0.050	895500	6
0.051	528549	5
0.052	916537	6
0.053	1312055	4
0.054	715777	6

Last trade - 16.10pm 26/07/2024 (20 minute delay)

AGY (ASX) Chart

The repeated failures have resulted in enormous volume going...

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The repeated failures have resulted in enormous volume going...

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