The path forward may not be clear but this cycle has shown briners to be the best option.
This cycle has shown it's very risky to be in one part of the total supply chain only as you can be squeezed out of business.
It has shown to minimise risk it's best to own the resource and processing and that's why I think briners are optimal and I'm glad i'm with AGY.
I don't think any spod miner can do this effectively becasue labour costs in countries they operate in price them out of the market.
The only thing I think we should do is develop a hydroxide (which we have proven we can make) circuit to complete the supply chain.
I think long term briners are the best investment, especially in countries like ARG where labour is cheap to compete with China.
We should continue to grow our resource and processing capacity while adding in a hydroxide circuit down the road and it should look after itself.
I think spod is only good for volatility trades.
Having said that I see MIN have started on the processing path in AUS and it will be interesting to see how they go with unskilled labour rates of +$50/hr.
imo
dyor
The path forward may not be clear but this cycle has shown...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $168.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $235.2K | 1.876M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 956840 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 19944 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.3¢ | 1090017 | ||
| Last updated 16.00pm 03/05/2024 ? | |||||
| AGY (ASX) Chart |