Your general principal is correct (I haven't checked the math).
High market cap (i.e. more shares on issue) was listed in my analysis as a weakness for this very reason
(https://hotcopper.com.au/threads/fundamentals.3508506/page-824?post_id=31140766#.Wo4ZS-eYO70)
But, other things affect share price...
1. Lithium grade (i.e. price sell product at)
2. Volume of product sold (expansion)
3. OPEX
Ultimately, share price is determined by (earnings per share) X (uncertain market sentiment factor) but, that's a long way off - we are still working on pure market sentiment.
I think the point is, ORE is a good example of a nearby "producing" Lithium company.
We've missed the boat on ORE, but AGY still has multiple bags left in it.
IMO
DYOR
- Forums
- ASX - By Stock
- AGY
- General Comments & Banter
General Comments & Banter, page-87
-
- There are more pages in this discussion • 14,812 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $174.7M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $197.2K | 1.602M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
40 | 1959452 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 169666 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 1959452 | 0.120 |
13 | 1288003 | 0.115 |
15 | 878980 | 0.110 |
11 | 1038595 | 0.105 |
21 | 1081788 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 169666 | 4 |
0.130 | 464055 | 9 |
0.135 | 761549 | 13 |
0.140 | 1710864 | 12 |
0.145 | 1311746 | 9 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
|
|||||
Last
12.3¢ |
  |
Change
-0.005 ( 3.92 %) |
|||
Open | High | Low | Volume | ||
12.5¢ | 12.5¢ | 12.0¢ | 990330 | ||
Last updated 15.59pm 03/06/2024 ? |
Featured News
AGY (ASX) Chart |