AGY 5.56% 3.8¢ argosy minerals limited

General Comments & Banter, page-12895

  1. 2,288 Posts.
    lightbulb Created with Sketch. 986
    Well its like the back of the school bus at the end of a trip in here.

    So on a positive note:
    - JV with Puna Mining one of the most experienced Li Chemical Engineers on the Planet
    - 77.5% ownership of JV with scope to 90%
    - 2794Ha of tenements owned thru Puna Mining
    - 38Ha of evaporation ponds supporting 2k5 LCE tpa
    - Industrial Pilot Plant built, commissioned and producing/stockpiling
    - BG LCE produced and confirmed
    - Outstanding PEA of 10KT tpa (approx. 125,000 EV batteries pa) over 16ys @ IRR of 53% and EBITDA margin of 61%
    - Scope to increase as resource open at depth and/or more tenements
    - BG LCE starting to ship to Mitsubishi rtm after 12m of confirmation of product circa June 2019
    - Hydroxide verified in house shipping to customers for testing
    - Approval sort for large scale operations from authorities
    - Discussion ongoing with commercial partners
    - Top 20 solid only one out/in
    - I've probably missed some off the top of my head

    Can hardly be labelled a scam as per some detractors. There may be errors in reporting at times but I think we need to keep in mind how small the team is, 3 directors, an admin person and a part time Chairman. We may have some way to go yet as the instos/sof wash there insta profit thru however as the macro continues to build and negotiations continue favourably hopefully there are some brighter days to come.

    Looking forward to:
    - Large scale approval by authorities
    - Possibly more tenement options
    - Hydroxide confirmation from customers
    - positive updates re OT or commercial progress
    - no more cap raises

    IMHO DYOR




  2. This thread is closed.

    You may not reply to this discussion at this time.

 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.