AGY

13.6%

9.2¢ argosy minerals limited

they have been telling this for long time. It was supposed to be...

First 28 Last

Share
Profile

Follow
FOXTRA

476 Posts.

19

28/03/24

08:22

Post #: 73095328
Share

Originally posted by CandyStoreRock: ↑

On page 2 of the report under 'Review of Operations' (actually page 6) it states a net loss of $10,619,215, and attributes the majority of this to 'foreign exchange losses'.

This will be due to the drastic revaluing of the peso after the Argentinian elections last year:

https://www.xe.com/currencycharts/?from=ARS&to=USD

A lower peso value should result in an inflow of foreign currency as it will boost Argentinian exporters, which in turn strengthens the Argentinian economy.

One of the first priorities of the new govt., other than getting inflation under control, will be to lower company tax to further boost the economy. This will result in substantially lower tax rates for Puna when they start producing and exporting. Additionally, if they convert the foreign currency from exporting back into pesos, then the rise of the peso as the economy recovers should give an additional boost to the profits, i.e. the opposite of what caused the $10,619,215 this year due to devaluing.

I suspect we're not far away from achieving full production, and the planets are aligning nicely for us when we do. 2024 will be our year.

Expand

they have been telling this for long time. It was supposed to be in production in April 2023. About 1 yr later they still can't say which month it will start full swing production.

AGY Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

RCE

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 7 more messages in this thread...

First 28 Last

Add AGY (ASX) to my watchlist

(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	14047	0.092
2	60000	0.091
1	9034	0.090
2	111235	0.089
1	7500	0.087

Price($)	Vol.	No.
0.094	10000	1
0.095	153809	2
0.096	20000	1
0.097	50000	1
0.099	500000	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

AGY (ASX) Chart

they have been telling this for long time. It was supposed to be...

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

they have been telling this for long time. It was supposed to be...

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Recce's R327 found effective against E.coli during clinical trial

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News