AGY 1.08% 9.2¢ argosy minerals limited

I just checked your claim and it appears you are incorrect mate....

  1. 3,847 Posts.
    lightbulb Created with Sketch. 1508
    I just checked your claim and it appears you are incorrect mate. AGY haven't included an additional 10% placement facility for the last couple of years. The last time AGY included a resolution for the additional 10% placement facility was in 2021, and there was a specific reason for it. They needed the additional 10% to cover the options included in the February 2021 cap raise (see below).

    As @Kaeho pointed out, it seems abundantly clear that AGY is preparing for a significant cap raise in the near future. Upping the limit to 25% implies a cap raise of between 210-350m shares. At a discount of around 20% from today's closing price (the last one was at an 18.7% discount), that would yield $21-$36m. That's probably enough cash to keep trying with the 2 ktpa plant for another 12 months or so, and that's about it.

    Not a great sign......


    https://hotcopper.com.au/data/attachments/6118/6118205-219d1f4b1b4edfc964d7133e3794209a.jpg

 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
9.2¢
Change
-0.001(1.08%)
Mkt cap ! $133.9M
Open High Low Value Volume
9.2¢ 9.4¢ 9.0¢ $329.9K 3.597M

Buyers (Bids)

No. Vol. Price($)
2 59325 9.2¢
 

Sellers (Offers)

Price($) Vol. No.
9.4¢ 73784 2
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
9.2¢
  Change
-0.001 ( 1.08 %)
Open High Low Volume
9.1¢ 9.4¢ 9.0¢ 1081942
Last updated 15.59pm 14/06/2024 ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.