AGY 2.38% 4.1¢ argosy minerals limited

I don't know Michael, Think there was no avoiding the...

  1. 5,805 Posts.
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    I don't know Michael,

    Think there was no avoiding the disappointed reaction having clearly raised expectations regarding announcing BG Li at end of May. The world's most brilliant announcement wasn't going to stop the lynch mob of villagers carrying pitchforks.

    It wasn't the announcement that was poorly handled, it was managing expectations leading-up to the announcement. However, they have also had some rotten bad luck with the gas thing. That was unforeseen, and the consequences cascaded on to them.

    In some ways its has worked out for the better; it's shaken the deck-up after three-months of stagnate share trading, cleared out the nervous nellies, poked a few accumulators in the eye, and put AGY back on the radar screen for a lot more people.

    Yes, we are at a lower value, but now we have a clear pathway forward of interesting announcements...

    This month
    - Gas is on (got to be worth + 2 cents)
    - JORC(1)
    - BG Li confirmed and ready to process at scale
    - Off-Take
    Next month
    - JORC(2)
    - PEA
    - Pond expansion

    That will recover our share price and push it North.
    I am not going to forecast how far North - but over 50 cents by end of June is very probable.
    and pushing $1.00 after PEA.

    Unless we hit another donkey.

    IMO
    DYOR
 
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