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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Very disappointing finish today (piss poor), but...
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Last
3.4¢ |
Change
-0.015(30.6%) |
Mkt cap ! $49.50M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 3.3¢ | $1.657M | 43.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2057504 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 1387809 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2057504 | 0.034 |
17 | 3154888 | 0.033 |
6 | 240755 | 0.032 |
8 | 728770 | 0.031 |
21 | 1812864 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 1387809 | 4 |
0.036 | 1525027 | 4 |
0.037 | 1084027 | 5 |
0.038 | 2058846 | 10 |
0.039 | 814666 | 6 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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