AGY 4.76% 4.0¢ argosy minerals limited

At this point: - Process isn't yet proven and if it doesn't work...

  1. 1,340 Posts.
    lightbulb Created with Sketch. 29
    At this point:
    - Process isn't yet proven and if it doesn't work -> AGY is worthless
    - The company will at best be producing 1500-2000tpa by 2019, if all goes without a hitch.
    - Still many years till positive cashflows and there will likely be more capital raising


    This company has huge potential and if pablo's process works could become a major brine producer. However at 200m mcap it is rather expensive spec stock.

    Lithium is booming now but like everything prices will eventually level out or fall and it looks like AGY will be late to the party.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
4.0¢
Change
-0.002(4.76%)
Mkt cap ! $58.23M
Open High Low Value Volume
4.1¢ 4.2¢ 4.0¢ $44.44K 1.085M

Buyers (Bids)

No. Vol. Price($)
16 1432055 4.0¢
 

Sellers (Offers)

Price($) Vol. No.
4.1¢ 16860 1
View Market Depth
Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.