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7.50%

7.4¢ argosy minerals limited

So what value do you put on the IP?Livent is the closest...

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dsorg

864 Posts.

590

07/08/23

10:02

Post #: 69194463
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Originally posted by Rob826: ↑

Hey mate,

Good points and I agree that on a risk/reward basis, AGY is compelling value. That being said, if a cap raise is required as part of the funding package, I'd rather see that happen at 60c rather than 30c, for obvious reasons.

I can't see why SQM, Livent/Allkem or Posco would bother with AGY. Each of them already have established successful chemical processes and they each also have huge brine resources. These companies also seem far more interested in expanding their portfolio of spodumene operations and hydroxide conversion facilities.

So the closest croc to the boat appears to be Rio Tinto. We know they're re-thinking their approach after realising they're going to have massive a CAPEX blowout, and they already own 90% of the Rincon Salar. At AGY's current market cap, I could see them considering an acquisition.

If not Rio, look out for the usual opportunistic Chinese groups. Let's hope it doesn't come to that though.

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So what value do you put on the IP?

Livent is the closest producer to Argosy. Produces around 5000t a year and has a market cap 10 times more. Mr Alluralde was one of the chemical engineers who wrote their IP.

Last edited by dsorg: 07/08/23

AGY Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 7.4¢		Change -0.006(7.50%)		Mkt cap ! $107.7M

Open	High	Low	Value	Volume
8.0¢	8.1¢	7.4¢	$360.5K	4.705M

Buyers (Bids)

No.	Vol.	Price($)
3	89403	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	189231	2

View Market Depth

No.	Vol.	Price($)
3	89403	0.074
2	113698	0.073
5	450000	0.072
7	348054	0.071
14	649597	0.070

Price($)	Vol.	No.
0.075	189231	2
0.076	1000000	3
0.077	802800	3
0.078	400000	2
0.079	157590	3

Last trade - 16.10pm 25/06/2024 (20 minute delay)

AGY (ASX) Chart