Australia's largest stock trading and investment forum Australia's #1 stock forum

AGY

Click for more information

2.78%

3.5¢ argosy minerals limited

That’s exactly how I read it too. The exact amount of shares...

First 112 Last

Share
Profile

Follow
GCar

14,163 Posts.

8619

24/05/24

12:14

Post #: 73992513
Share

Originally posted by stantrent ↑

@asxDragonslayer "

On a side note the max amount to be issued is 51M which is more than the 34M placement but doesn't mention for what potential use.

Thats roughly $2M.

Maybe someone could ask today."

If someone hasn't already provided the answer to your query @asxDragonslayer ...

Ann states - "US$5 million strategic investment by Amperex Technology Limited."

In AUD terms the investment amount from ATL is approx AU$7.5 million. (US$1=AU$1.51)
ie. 51,614,581 shares @$0.14631 = AU$ 7,551,729.34
Therefore, the 51,614,581 shares proposed to be issued for a placement today are all for the ATL investment.

Atleast that's my take on the 51mil shares proposed for issue. Unfortunately there's no "roughly $2M" extra to be raised, but on a positive note AGY is receiving an extra $2.5mil on top of your perceived $5mil in AUD terms.

Expand

That’s exactly how I read it too.
The exact amount of shares depends on the FX rate, but it is USD$5M at AUD$0.14631 per share.

Last edited by GCar: 24/05/24

AGY Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

First 112 Last

Add AGY (ASX) to my watchlist

(20min delay)
Last 3.5¢		Change -0.001(2.78%)		Mkt cap ! $50.95M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$34.38K	956.6K

Buyers (Bids)

No.	Vol.	Price($)
13	1027636	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	120922	2

View Market Depth

No.	Vol.	Price($)
13	1027636	0.035
19	2322844	0.034
11	1335333	0.033
3	920000	0.032
5	1039333	0.031

Price($)	Vol.	No.
0.036	120922	2
0.037	1652775	8
0.038	1965900	8
0.039	1028000	6
0.040	742375	4

Last trade - 16.10pm 19/11/2024 (20 minute delay)

AGY (ASX) Chart