AGY 8.14% 9.3¢ argosy minerals limited

Ann: Half Year Accounts, page-37

  1. 1,623 Posts.
    lightbulb Created with Sketch. 2890
    Whether they produced in July or not, in a single month the company produced half the entire amount from all previous months during the commissioning period. This shows that whatever bottleneck that was identified in July has probably been dealt with. I know people here like to argue about basically everything, but if it took a month to successfully identify and correct an issue that will then allow us to move forward in the ramping process, how can that not be viewed as a positive? That means that the commissioning stage advanced. Who cares if the company missed out on producing 3 or 4 tonnes in a month? The whole point of commissioning is to identify these sorts of issues, which they apparently have.

    Cannacord visiting the site in late September will no doubt write up a substantial report for their coverage. Jerko would have to be fairly confident that things are going well for this to happen. Where has his confidence come from? Probably from fixing the problem in July.
    Last edited by Gvan: 13/09/23
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
9.3¢
Change
0.007(8.14%)
Mkt cap ! $135.4M
Open High Low Value Volume
8.9¢ 9.4¢ 8.7¢ $168.6K 1.860M

Buyers (Bids)

No. Vol. Price($)
1 100000 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.3¢ 299999 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.