AGY

2.78%

3.7¢ argosy minerals limited

Thanks for taking the time to summarise and post. much...

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24/05/24

15:30

Post #: 73997035
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Originally posted by WhiteCollared: ↑

I was in attendance at the AGM today.
Biggest takeaway was that the team are learning a lot of lessons and gaining a lot of experience in complex lithium brine production as a result of the last six months. Jerko used the word 'demonstration' a bit in terms of the production outcomes of the current operation.
They can't tell us when they'll be pumping out 160 tonnes per month but they are currently pumping out 500kg a day with a goal to incrementally increase.
However in terms of a money they don't want to pump out massive volume RN with such a depressed price.
These lessons are all going to feed into the 10,000 production expansion.
Redevelopment of the current plant is unlikely, plan is to build big next door.

There are challenges with tariffs and supply chain/logistics getting to site.
Big delays to get parts, reagent costs - this has been one major reason why progress has been slower than expected.
Milei federal government understands this barrier and is keen to resolve however politics/bureaucracy takes time.

ATL has pressure on them to increase their lithium supply.
They have a vested interest in ensuring AGY/PUNA ensure the spice flows lol (not a direct quote)
They need to do their qualification process and we should expect more news once this has been completed.
It's been a relationship over years.

No cap raise planned but as lessons come in from the continous production ramp up there will be a clearer picture of capital requirements.

¬ ¬ ¬

If you want to get rich overnight you should probably sell up and go somewhere else.
If you are a patient longterm holder AGY is looking good.
not financial advice DYOR GLTA

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Thanks for taking the time to summarise and post. much appreciated
It was always a beautiful long term prospect for the patiently minded. Very satisfying to see the ducks lining up (as always promised) and steady progress being made

AGY Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.001(2.78%)		Mkt cap ! $53.86M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.6¢	$83.96K	2.279M

Buyers (Bids)

No.	Vol.	Price($)
1	13371	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	1738141	6

View Market Depth

No.	Vol.	Price($)
1	13371	0.037
14	1237028	0.036
25	2953989	0.035
12	1886596	0.034
10	1572268	0.033

Price($)	Vol.	No.
0.038	1738141	6
0.039	1512481	8
0.040	445175	2
0.041	510322	5
0.042	306466	5

Last trade - 16.10pm 08/11/2024 (20 minute delay)

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