Well summarised (assuming you got it right - no reason not too).
You have encapsulated, in a nut shell, not just AGY's plight, but the whole industry.
Important points...
- AGY has done everything correct to get to this launch pad, but just can't get the fuse to light
- The reason is external. As I wrote elsewhere, the market is temporarily euchred after 2018 "The year MS stiffed us" and Trump/China took to the ASX with a baseball bat.
- Until the long awaited, much heralded demand story becomes reality (as indicated by Lithium prices), all Lithium stocks will wallow in this state of suspended animation while potential buyers luxuriate over who they will jump into bed with - it will be a long courtship.
- But, and here is the BIG but. Mitsubishi have put a toe in the water. It's a test. They have done the bare minimum they needed to keep AGY on the hook. When demand starts looking like exceeding supply they will be in poll position to close a deal that is more meaningful.
For a stock that is currently trading at 7 cents, AGY could well be the bargain of the century.
But, no need to rush.
IMO
DYOR
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4.8¢ |
Change
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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¢ |
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Price($) | Vol. | No. |
---|---|---|
4.9¢ | 280000 | 1 |
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No. | Vol. | Price($) |
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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 |
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