Imagine how you'd feel if you'd ridiculed me through this week and I then called an imminent drop and it fell 15-20% within hours?
BFG: Peanuts, maybe, but over 7 million shares is high volume for AGY, and a big drop on high volume (highest AGY has seen for some time) is a very bearish sign. A couple of years ago those same shares were worth millions of dollars.
A few months ago people here said I was crazy for calling 1.9c in 2025. They said *if* a CR was needed it wouldn't be a big deal and it was 'scaremongering' to suggest it might take place as low as 1.9c
Already touched 1.8c and the CR hasn't even been announced.
You can pretend this is just a random, meaningless fluctuation on small volume and the CFO didn't just abandon ship to seek something less disastrous elsewhere, or you can wake up. You can abuse me if you like, and if it makes you feel better you can even pretend I'm an elderly woman at a nursing home who is athletic enough to play volleyball every day and enjoys board games but is somehow also lonely, but that would clearly just be a symptom of you not wanting to face the reality someone has been spoonfeeding you.
Anyway, a tough dose of reality is served up today, and the CR is still to come. The lower the price, the more dilution required to keep the lights on. I really don't think reality has set in with a lot of people here.
If I can say anything positive, it might be that today's huge dump was likely caused by a cascade of stop loss triggers and there might be a recovery of a pip or two from the 1.8c low today. 1.8c is a 20% drop from the 2.2c is was centred on for a while and is actually getting to a low market cap. After the next CR the EV will be significantly lower again and AGY may actually become a takeover target for someone wanting the permits.
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AGY
argosy minerals limited
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7.14%
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1.5¢

Imagine how you'd feel if you'd ridiculed me through this week...
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $21.83M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $11.39K | 785.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 6012069 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 1994851 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 5832069 | 0.014 |
10 | 3337076 | 0.013 |
10 | 3021411 | 0.012 |
5 | 3090000 | 0.011 |
8 | 3349700 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 1984601 | 12 |
0.016 | 2066231 | 10 |
0.017 | 1846947 | 10 |
0.018 | 1085239 | 14 |
0.019 | 2569046 | 11 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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AGY (ASX) Chart |