AGY

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4.2¢ argosy minerals limited

Ann: 500KG High Purity Li2CO3 Delivered to Japanese Customer, page-54

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LingLingLenno

236 Posts.

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17/09/20

23:09

Post #: 47433911
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Originally posted by GCar: ↑

Do you even know what the product qualification process is about..?
Are you aware of the steps, the reasoning, the timeframes..?

Are you even aware that proving consistent, suitable, scalable product quality/specification is absolutely a key part of de-risking to attract favourable development funding for commercial operations...?

You're just embarrassing yourself now and demonstrating your lack of comprehension of the level of de-risking required before someone signs an off-take or indeed puts 10s or 100s of millions of dollars on the line to fund a commercial plant build-out on acceptable terms.
The bottom line is that almost anyone, regardless of whether they work for Mitsubishi or any other "large" and "wealthy" company, will get strung up if they commit that sort of capital without appropriate justification supported through due diligence and risk assessment. The current risk appetite for a funding deal that would be immediately suitable and acceptable to the board, obviously calls for a greater level of de-risking, likely through end-user confirmation of product suitability and demand. That is being worked on. In the meantime, there are some offers that are perhaps acceptable and are being assessed and probably negotiated.

Stop it.
Learn more, get some perspective and hone your expectations.
Instead of popping in and insulting the company at every opportunity.

Look on the bright side - you made $300 today on your 50k parcel. Oh, hang on, you are "not held" now. Oh well.

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AGY Price at posting: 5.5¢ Sentiment: None Disclosure: Held
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Last 4.2¢		Change 0.003(7.69%)		Mkt cap ! $61.14M

Open	High	Low	Value	Volume
3.9¢	4.6¢	3.9¢	$556.4K	13.01M

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No.	Vol.	Price($)
2	2026489	4.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	900000	0.042
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9	747851	0.038
16	1415149	0.037

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0.044	193027	2
0.045	188813	4
0.046	875726	7
0.047	350237	3
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