AGY

3.45%

9.0¢ argosy minerals limited

General Comments & Banter, page-62

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TopGun1

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21/02/18

17:54

Post #: 31232098
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Originally posted by MarketingMan ↑

BMO Capital Markets 27th Global Metals & Mining Conference
"Pretty much biggest insto investor show for mining globally!"

Of course, we can never know for sure but, rough rule of thumb is AGY seem to drop announcements every couple of weeks; so, next week Mon, Tue, or Wed - could get something.

On twitter they've said they've hired additional staff (think they said 15) to work in processing and on the ponds. This suggests to me (and based on the green colour of the recent satellite pond photograph on twitter) they're gearing-up for their first production run (which is about right, given their March time frame for first product).

Plus, they have their final drill hole (R6) to complete (200 metre depth), in their last announcement had reached 70 metres. Might have been delayed by rain.

It's not just drilling, it's also stopping to take samples at various depths, so could take a week or two (from last announcement). Samples sent to lab. Results. All data would then be used for the JORC Estimate and PEA/Scoping Study).

So, possible announcements...
1. JORC & PEA/Scoping Study.
2. Final drill results
3. Commenced production
4. First BG LiCO3
4. ?

BUT! Definitely no off-take (too early).

AGY (Jerko, Alex and possibly Pablo) are attending the conference next week Feb 25-28, Jerko has has a speaking slot, so that will either mean...
1. Announcement before conference to create a talking point.
2. Announcement at the conference to maximise publicity.
2. Delay because they are too busy preparing for the conference and/or attending the conference.

Looking at all that above, and with March looming I am expecting the smart money will buy-up later this week.

February 25 is next Sunday.
The share price is at a nice low.
Volumes are picking-up.

Would be brave lithium investor to not be holding AGY come Friday.

But! It's the share market; anything could happen.
All you can do is look at the tea leaves.

IMO
DYOR

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great post mate.

Just one thing they wouldn't announce anything at the conference. I am sure they have ASX rules to follow. Therefore before or after i would say.

You are right, we all know this could be the last time sub 30c will be seen. People said they missed out or wished they topped up more the other week when we got to 27c. Well a gift was presented today.

March next week, so i don't expect to see this again. Hoping for a 5 or 6 as the starting number of the SP!!!

AGY Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Last 9.0¢		Change 0.003(3.45%)		Mkt cap ! $131.0M

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General Comments & Banter, page-62

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

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General Comments & Banter, page-62

Top Stories

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