AGY
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0.00% 8.8¢ argosy minerals limited

To me this looks as well as if the company is trying to...

  1. cbetz100
    131 Posts.
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    01/02/21
    22:10
    Post #: 50622470
    To me this looks as well as if the company is trying to re-position itself. Applying a sense of "Think BIG" must not be bad.

    • They have drilled to 102,5m with a resource of "just" 245k
    • Showing an exploration target to at least double if not triple the resource may be key to attract big players
    • An updated JORC @ Ricon is planned for Q3/2021
    • This requires drilling (to at least 300m)!
    • In parallel Tonopath Exploration planned in Q2/2021 to progress US operations
    • $2.9m in the kitty may be insufficient for running operations + JORC update + Tonpath exploration

    => Capital raise around the corner (imho)
    => ~US $30m would cover running operations + Stage 2 + JORC update + Tonopath exploration
    AGY Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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