General Comments & Banter, page-2689

Tend to agree with you on most points Winesy.

However the risk is something I have been contemplating since the AGM and have now got split personalities from it.

On one hand, I have now done enough research to believe that Argosy has the capacity to be a genuine disruption to the status quo of Brine producing lithium. So in 2-4 years we could be a world class producer or maybe even swallowed up by a giant at a significant profit to us shareholders (hence worth sticking every share in the bottom drawer).

On the other side of the coin, from a short term point of view, what happens next. Well I bought some more shares 3 weeks ago when we dipped under 30c again because it just is too good to ignore.

So what is my risk assessment for the short term with funds that I really should have allocated elsewhere?? We have a huge support range at 27c (or 10% discount to the current price) I would assess a drop below 25c as shaky ground, so would now put in a stop loss of 20% (24c) which is a perfectly normal stop loss level in my trading strategy.

So I am risking 20% of my parcel for a potential $1 plus in the next 4-8 weeks (or tripling my parcel). To me this is a low risk strategy and if I had a spare $100,000, i would happily risk $20,000 today to possibly create $300,000. That's my Risk Vs Reward strategy anyway. Good luck to all those still sitting on the sidelines. Hope you get some for 50c on the way up.

Cheers