Excellent post. This summarises my thoughts very well.

First 131 Last

Share
Profile

Follow
ellroy80

794 Posts.

145

24/07/24

13:08

Post #: 74893106
Share

Originally posted by Jezzaaa: ↑

I suspected putting a pause on the 2,000 plant operations would commence.

Even at best case scenario, producing 2,000 tonnes would have us at Breakeven.

I am however thoroughly disappointed that Pablo and co could not get it operating at more than what 20 tonnes a month (12.5% capacity)

They need to have a long hard look at themselves. Id slap em across the face if I could.

Anyway, let's move on and assess where this leaves us.

Capital preservation is a must, and a good idea. Let's hope they're as frugal as possible. That $7.5m aus should hopefully last a decent time if we get rid of most of the staff.

The biggest residual concern is the degree of the 2,000 plant failure impeding our prospects for 10,000 plant funding. Says we're still getting offers (but Jerko has been saying that for 5 years). When the markets in a slump the offers get worse, when the markets better the offers tend to be better. I suspect that we'll end up waiting for the market to improve to get a better offer, or else why not take up the existing ones already?

I think over the next 12 months we'll end up seeing 2.5c if I'm honest.

I think the market returning to deficit lithium and a 10k deal (should we be able to get a decent one) should put us at ~20-30c) when lithium sentiment is back.

There are always opportunities in the market both when times are good and when times are shit. I'll be looking to capitalise on that opportunity.

Expand

Excellent post. This summarises my thoughts very well.

AGY Price at posting: 5.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

OPL

Opyl forms JV with UK and US consortium to bring products to the world

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

There are more pages in this discussion • 39 more messages in this thread...

First 131 Last

Add AGY (ASX) to my watchlist

(20min delay)
Last 5.0¢		Change -0.031(38.3%)		Mkt cap ! $72.79M

Open	High	Low	Value	Volume
6.6¢	6.6¢	4.8¢	$2.750M	51.17M

Buyers (Bids)

No.	Vol.	Price($)
3	1154453	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	823118	12

View Market Depth

No.	Vol.	Price($)
13	630266	0.049
15	1330517	0.048
13	1112524	0.047
13	797103	0.046
9	722928	0.045

Price($)	Vol.	No.
0.050	250180	3
0.051	832118	12
0.052	414396	7
0.053	477002	5
0.054	861983	8

Last trade - 15.09pm 24/07/2024 (20 minute delay)

AGY (ASX) Chart

Excellent post. This summarises my thoughts very well.

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Opyl forms JV with UK and US consortium to bring products to the world

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Excellent post. This summarises my thoughts very well.

Top Stories

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Opyl forms JV with UK and US consortium to bring products to the world

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

Acquisitions roundup: European Lithium, Diatreme Resources and SRJ Technologies

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News