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7.5¢ argosy minerals limited

Ann: Rincon Lithium Project - EIA Approval Granted, page-350

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Howard Ino

11,876 Posts.

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01/05/24

10:47

Post #: 73603113
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Originally posted by Rob826 ↑

I agree with your first paragraph, but I can’t agree that the fundamentals have never been better. This time last year, AGY was well into the commissioning process, things were looking good, and the lithium carbonate price was almost double what it is right now, despite experiencing a huge fall in the weeks prior. AGY had over $30m in the bank, and they were advancing talks with a strategic partner.

Literally the only fundamental things that have changed in the last year have been the MRE expansion, which was years overdue anyway, and a piece of paper from the Salta Government, which is worthless without access to the capital to execute the expansion.

While waiting for it, the market got worse and AGY burned over $20m trying to get the plant sorted, with little to show for it.

I really can’t see how anyone could claim that the fundamentals have improved.

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I'm talking about the fundamentals of this company, not the lithium market in general.
How can u seriously say the fundamentals haven't improved, when we now have a resource upgrade and an additional 10,000tpa approval to mine, compared to back then ?
Sad..

AGY Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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Last 7.5¢		Change 0.001(1.35%)		Mkt cap ! $109.1M

Open	High	Low	Value	Volume
7.2¢	7.5¢	7.0¢	$763.1K	10.55M

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No.	Vol.	Price($)
3	155405	7.4¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
3	155405	0.074
1	100000	0.073
45	222470	0.072
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Price($)	Vol.	No.
0.075	647109	7
0.076	85497	1
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