Hi Juve,
Thanks for that great recap. It was like we were there in the front row.
Some takeaway...
-You mention JORC isn't needed. I'll strongly disagree there. JORC since it was introduce has because a floor for the market and more important brokers and banks. If your JORC says 100M and your current MC is 20M...you can expect a solid jump somewhere to X amount of the 100M, depending on other assets. I'd say 50-80% of JORC. IMO
-I really did want Alex there and I fully understand he had made a prior commitment. However, in light of the SP, him being on the job a while and us shareholders and the market not hearing any official word from him. Well, I was very disappointed we didn't hear something from him. In these cases, it is very customary to make a chairmen comments and send them in as a separate announcement.
This didn't happen and is at the heart of my growing concern with AGY. I'm not going to talk about it anymore as I know you all get upset by it. I am glad to hear there may be positive moves in this area and a AGY mention on CNBC will be huge. I find it hard to believe a reporter wouldn't ask him about AGY and lithium when the sector has been so hot the past 12 months and it's future so bright. Remembering his job at PDN is just a temp job.
-I can't tell you how happy I am about the broker hunting. With AGY small float and tight trading...this will easily get us to the 4-5 cent mark itself, just on in-flows. Getting Euroz on board or Patterson would be amazing.
-As you mentioned...Once Mr. Alurralde and his team are officially signed on I think "THAT DEAL" is going to happen. I hear no real progress on Sentient Group's Rincon project and it's just as plain as day you want Mr. Alurralde AND Carlos working on ALL of Rincon. Anything else is just bad business., not just 5% of it.
Very much like the GMM/GXY deal. I could see Mr. Alurralde operation expertise and Carlos first hand knowledge with Pocitos added to take a 12-40% cut of the whole operation based on production levels meet. As a floor with nothing. Rincon is worth 40-50M with production plan and Mr. Alurralde and Carlos racing to production. It's 100M-200M.
-Hearing that...“once we prove the concept and demonstrate we have something that works, then there are many that are ready to talk” is the best news and as I've been saying...a CR simply isn't needed as they'll pay upfront...in cash! It's good to hear this from Jerko...as I can only assume this is the feedback he's got from Alex. What a amazing hire Alex has been...and he has yet to officially do anything yet.
Overall, a bit disappointed in exact timelines not being given but, I understand why. Still more news and updates are needed for shareholders and Mr.Market. I agree they are some big ones due over the next week or 2 now that shareholder are totally onboard. This support must feel good for Jerko and Alex to keep punching.
These hearsay deals are the real story and you see many ASX announce something and move 50-100+% in a day. AGY is now very much set-up for that also and with such low volume..a very strong desire to be apart of AGY success will overcome many investors once they learn the AGY story.
GLTA
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Mkt cap ! $61.14M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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View Market Depth
No. | Vol. | Price($) |
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1 | 900000 | 0.042 |
3 | 222000 | 0.040 |
5 | 1331853 | 0.039 |
9 | 747851 | 0.038 |
16 | 1415149 | 0.037 |
Price($) | Vol. | No. |
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0.044 | 193027 | 2 |
0.045 | 188813 | 4 |
0.046 | 875726 | 7 |
0.047 | 350237 | 3 |
0.048 | 100000 | 1 |
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