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3.7¢ argosy minerals limited

Ann: Li2CO3 Spot Sales Contract Executed With Korean Customer, page-133

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Simoncho

5,410 Posts.

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23/07/24

07:58

Post #: 74866133
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Originally posted by Sdaji: ↑

Of course not many people have been silly enough to think a few hundred grand (not even sure if it was 300k) is significant, but the celebration of the sale seems misplaced. Calling it a 'strategic' sale is a bit of a stretch. We don't have enough detail to draw any conclusions. People are speculating that it may be enough to build a zillion small phone batteries or it's just a little sample to evaluate which may or may not lead to more sales (not sure how this would reconcile with the ATL deal incidentally), but we don't know. It's premature to say "this is no small cheese" when it's only a small amount of money and this unnamed buyer may not even like the product anyway.

Bottom line: they can't sell what they can't produce, they only reason they're not selling is that they're not producing. If they produce quantity consistently, they'll be able to sell, even if it takes a bit of time to find the right buyer and the price is a little lower or higher. If you don't believe this, you're just introducing an extra risk to be worried about.

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You're backtracking and doubling down at the same time.

AGY Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
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Last 3.7¢		Change 0.000(0.00%)		Mkt cap ! $53.86M

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3.8¢	3.8¢	3.6¢	$124.0K	3.355M

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No.	Vol.	Price($)
23	2659430	3.6¢

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Price($)	Vol.	No.
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