Many ppl. are saying what you've said...
The thing is...AGY are currently making a deal based on 99.5%...not less. Further to that...a S2 OT or S3 CAPEX / OT deal could cover a bad 98.7% LCE in 1 paragraph.
This dealing for strength is someone you guys have picked up in movies.
What REAL dealing for strength is ...your MC.
QQ did what they did to hurt AGY's SP and strength. They could have announced a bunch of different things at different times but, that was announce to affect the CR/SPP. Childish but, it worked well.
Again, AGY has zero asset...just 17M in cash (probably going through a bit of that every month now). There are a BUNCH of bad things that could happen-which I won't mention...
getting a deal NOW gets the SP to the correct trading range...and get's money in the til which brings MORE investors in.
Waiting for higher LCE prices or PA proving his grade is silly. I can assure you...QQ and these other MAJORS who have visited Rincon have did FULL DD on some 99.5% LCE. ASX forbid AGY on releasing those results.
A higher SP opens MANY more opportunities for AGY on many fronts.
Good things happen when a SP is high.
IMO
DYOR!!
China Talks, page-331
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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
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| AGY (ASX) Chart |