I could be wrong so this is IMO...
I believe the "cornerstone strategic investors" to either be coming out of China or have some relationship with the Lithium-ion Battery sector in China.
Buying shares at such a premium as 3c (which is well above market value) means they have a reason to setup AGY for success and I believe it is in their own interest (the soph investors) to setup a Lithium supply source (given the current and future Lithium market in China). 3 million is peanuts for these boys if we have latched onto one (or more) of these soph investors in China.
Just me guessing at this stage but I wouldn't be surprised if this was the case.
Ann: ARGOSY RAISES $3M TO FAST-TRACK RINCON LITHIUM-AGY.AX, page-41
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.83M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $155 | 10.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 7814868 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1723555 | 23 |
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| Last trade - 11.29am 17/06/2025 (20 minute delay) ? |
| AGY (ASX) Chart |