Also - we wont be selling any of the 2,000 kT pa production for the potential off take partner;
My thoughts;
i) Market will continue to punish us because we are delaying any profitability, for long term holders these prices are buying opportunities however if we delay selling the product for a few months until the price of carbonate improves, this helps the long term plan and we dont yet need to raise any capital to continue ramp up of the 2,000tpa plant. For those of use who can wait, i think the light at the end of the tunnel is closer than its ever been.
ii) We can't find a off take partner without 10,000 tpa EPA approval - not particularly news to us but frustrating that we dont even have an indicative year to consider in this ann...I wonder if the resource update/feasibility study will need to be considered by the EPA as it will determine the amount of water we need to use? So the lab results are due back 'late 2023' - we might have approval by Q1 calendar year 24 if government agencies are as supportive as it seems.
iii) Imo there's clearly a front runner partner who wants in and wants all the material. If we started selling/giving away samples the interest in our company would quickly rise. AGY has come a long way since we last were in the 20c.
I will keep accumulating at these prices! DYOR
- Forums
- ASX - By Stock
- AGY
- Ann: Rincon Lithium Project Update
Ann: Rincon Lithium Project Update, page-13
-
-
- There are more pages in this discussion • 211 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
0.014(41.2%) |
Mkt cap ! $69.88M |
Open | High | Low | Value | Volume |
3.7¢ | 5.1¢ | 3.6¢ | $2.325M | 53.80M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 708717 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 280000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 649043 | 0.048 |
3 | 190000 | 0.047 |
5 | 575273 | 0.046 |
5 | 156385 | 0.045 |
3 | 172040 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 895500 | 6 |
0.051 | 528549 | 5 |
0.052 | 916537 | 6 |
0.053 | 1312055 | 4 |
0.054 | 715777 | 6 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |