big question, is it a dead cat bounce now or a change in direction?
Big volume = exit of sellers and introduction of new buyers
Alot of these buyers are short-terms, but equally a lot are long-term.
AGY will bounce and go sideways from here, but with some positive news on 10ktpa and industry, i expect this represents the floor price for the foreseable future
11m in cash, reduced cash flow
I wouldnt jump in my self as there are limited things to look forward to in terms of concrete value events, also MD has to go, he's completely fcked this up too many times and i am not going to invest further until we see competence.
But equally, i am leaving this until LCE prices increase which i believe is the closer value event across all lithium stock
AGY Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)