Very disappointing finish today (piss poor), but understandable...
1. Market waiting for tonight to see if the DOW really has stabilized; the ASX was similarly lackluster.
2. Today's announcement was only slightly better than a routine progress report.
3. We saw no real demand or volume. Until momentum builds, AGY will remain a market manipulator's play thing.
4. Only two announcements matter now, a full JORC Resource Estimate (or the threat of one) and proof that the process can produce Battery Grade product.
5. In my humble opinion we won't see a take off agreement until after we start selling product.
The good news is that AGY continues to demonstrate that it is ON TRACK.
Better than that, their approach to a careful drill program and looking to maximize the potential outcome of the resource estimate continues to verify the caliber of the AGY team.
From a short term trader's perspective (those looking for a short term uplift), tomorrow will be very telling. It takes a day for big investors to get around to looking at announcements (make a couple of phone calls) and plan their next move. We could easily see the arrival of a big investor or two wanting to accumulate a large position, a bunch of enthusiastic retail investors isn't going to do much.
Could be a happy valentine's day.
IMO
DYOR
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Last
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $133.9M |
Open | High | Low | Value | Volume |
9.2¢ | 9.4¢ | 9.0¢ | $329.9K | 3.597M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 59325 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.4¢ | 73784 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 59325 | 0.092 |
4 | 83943 | 0.091 |
12 | 1357853 | 0.090 |
6 | 427454 | 0.089 |
4 | 61918 | 0.088 |
Price($) | Vol. | No. |
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0.094 | 73784 | 2 |
0.095 | 51130 | 1 |
0.098 | 10250 | 2 |
0.100 | 101200 | 2 |
0.105 | 589111 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 14/06/2024 ? |
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