As said above approx. US$ 30m (~AU $40m) required to move substantially forward.
This is 1/4 of market cap a.t.m., so a serious dilution.
Nevertheless, it would mean a massive re-rate as AGY would reach a point of moving forward on their own (=> 10kt plant could be financed from the 2kt plant returns).
With the plan to increase the resource I doubt they will go for the 10kt plant once the 2k plant is operating. Depending on the outcome of the JORC increase they either should think bigger (~20kt) or look into direct extraction (Lilac, and others). The latter would save US $44m for another 300ha of evaporation ponds (for 10kt) and could qualify AGY for "green BG-Lithium", which will be rewarded by various OEMs.
All speculation and my personal opinion / interpretation - but it smells sweet, doesn't it? Still a lot of reward in this Company
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Last
8.0¢ |
Change
-0.006(6.98%) |
Mkt cap ! $116.4M |
Open | High | Low | Value | Volume |
8.6¢ | 8.7¢ | 7.9¢ | $402.0K | 4.882M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12500 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 176753 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.092 |
1 | 15100 | 0.082 |
1 | 909 | 0.081 |
5 | 248750 | 0.080 |
7 | 175453 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 18279 | 4 |
0.081 | 298253 | 2 |
0.082 | 441400 | 4 |
0.083 | 144032 | 3 |
0.085 | 882466 | 5 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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