AGY

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3.8¢ argosy minerals limited

Ann: US$5M Strategic Investment by ATL, page-380

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Fred Flintstone

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25/07/24

20:25

Post #: 74921085
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Originally posted by Sdaji ↑

It's not really worth zero now. If it could be purchased with no strings attached, the ponds would be worth something to RIO, but the tenement is worth near zero, the IP is worth zero, the abandoned plants are worth either zero or pretty close to it in scrap. considering buying the company would come with obligations etc, it's worth less than zero.

I think holders who saw this as being worth a billion dollars or more are just struggling to wrap their heads around how it can actually be worth less than zero. The (assumed) value was in the plant working, the method being genuinely viable, and the resource. All that's really there which could be used as the excavated ponds, unless someone wants a bakery and a gym in the middle of nowhere, but I doubt they're worth a few million dollars...

As I said earlier in this thread and was laughed at for, a large company taking a position does not mean much. We can now see how true that is. They bought in at a premium to the market right before the whole project collapsed into something worth less than nothing. As I said earlier in this thread I've seen it many times before, and the only thing exceptional about this example I can add to the list is how quickly it happened after the deal was made.

ATL was absolutely, utterly, mercilessly roofied and raped.

This is a fantastic example of how a large, well-resourced company can make a huge, multimillion dollar mistake which some random guy like me could easily see was terrible. Often, these companies have the same false sense of security in their own analysts that we saw in AGY shareholders here, and the analysts themselves believe in themselves because they have their qualifications in finance and were given a high-paying job with a fancy office.

Plenty of lessons to be learned.

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It would not take much to refocus the plant and build one that works. I was with a company recently that had a Chinese company offer to build the plant, free of charge and didn't want payment until it was producing. I could put that together and save this company, why can't Jerko? It's not lost yet. Might even reach out to him so I can have an office.

AGY Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.9¢	4.0¢	3.8¢	$131.9K	3.384M

Buyers (Bids)

No.	Vol.	Price($)
4	872154	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	990329	8

View Market Depth

No.	Vol.	Price($)
4	872154	0.038
5	730581	0.037
25	2570708	0.036
25	2584608	0.035
6	1226910	0.034

Price($)	Vol.	No.
0.040	990329	8
0.041	670500	6
0.042	998817	10
0.043	1577500	3
0.044	1316726	8

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AGY (ASX) Chart

Ann: US$5M Strategic Investment by ATL, page-380

Buxton projects new graphite province discovery at WA Narryer play

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BCI reaches close of funding facility for salt-first part of Mardie project

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Ann: US$5M Strategic Investment by ATL, page-380

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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