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13.0¢ argosy minerals limited

Ann: Rincon Lithium Project Update, page-105

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Howard Ino

11,803 Posts.

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04/09/23

15:01

Post #: 69722607
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Originally posted by Nuff 69 ↑

As he has said when questioned, the situation regarding finalizing of funding has changed due to the nature of market changing and the partners requirements changing.
The only reason they are drilling more and looking to go to 24ktpa is for that reason imo.
It seems like a better proposal from a tier 1 has been tabled and its evidently better for Puna & Agy to engage it.
When you have Ltr getting a $3 share buy out offer and there book value is 21c, it shows that Majors are really expecting extensive growth in the lithium space.
If china wasn't as good as they are at market manipulation for commodities than who knows were we'd see valuations of Juniors... The Big boys are still willing to accumulate projects at 15x book value as seen in Albermarles Ltr offer..
There is gonna be games played and Agy is not insulated given its position, yet if you were a potential Partner that was aiming to secure BG quality product from very limited real possibilities would be talking to a company that just produced 10g's worth in a month from a plant that's not yet ramping or some other wanna be that still can't prove any quality at quantity.

It's a no Brainer, imo.

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Looking forward to drilling results.
Maybe strategic partner waiting also ?

AGY Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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