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4.9¢ argosy minerals limited

Ann: Rincon Lithium Project Update, page-133

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Howard Ino

12,001 Posts.

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24/07/24

13:24

Post #: 74893518
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Originally posted by Maradona1111 ↑

Not being able to prove or proving continuous production with the 2ktpa plant is a massive fail.
Even with spot price dropping proving this was the most important part of the project and as I said multiple times of the last yr or so, if cont prod isn't proven then how can the project survive or move forward.
The market agrees unfortunately.

Even showing they could cont prod for a period of one month would of shown the market that not only does the process work, but it can also work continuously.
Then suspending due to it not being economic would be understandable even.
I guess they couldn't show this after a yr of trying. Such a shame.

Locking in gains along the way is the only thing not leaving me totally bitter.
Though it should have been a lot more, like all of us lol.

Conserving money right now is also the prudent move, and I know they are good at doing that.

Working in mining for many years, one thing I always say to my dad, most companies fail in the end..and most never get to production. That is the reality of it.

It's not dead yet and the story is not over, but a miracle is needed right now...

Good luck all.

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Not being able to prove or proving continuous production

Where is this written in today's announcement ??

AGY Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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