AGY 2.50% 3.9¢ argosy minerals limited

General Discussion AGY, page-11597

  1. 76 Posts.
    lightbulb Created with Sketch. 26
    https://hotcopper.com.au/data/attachments/4962/4962823-0928471a3ff1163937a501e6ce5f417a.jpg

    Here is the date. At the time, the SP had doubled from $0.15 to $0.30 in the 4 weeks leading up to this tweet, which was during a trading halt relating to the possible subscription agreement.

    For my own understanding but in case anyone else wants a bit more info;

    Key terms of the agreement:
    • Placement of shares to Qianyun representing 19.9% of the issued capital of Argosy at an issue price of $0.085 per share under the terms of a Placement Agreement;
    • raising approximately A$16.9 million in total equity investment at a price representing a 7.6% premium to the 30-day volume weighted average price of Argosy shares to 15 August 2017
    • US$7.5 million (A$9.55 million) upfront prepayment for an agreed quantity of battery grade lithium carbonate equivalent (LCE) product during the first year of production at the Rincon Lithium Project under the terms of a Preliminary Off-take Agreement.
    • A separate five-year Long-Term Off-Take Agreement for 1,000 tons per year of potential Stage 2 product from years two to six of production of battery grade LCE product from the Rincon Project, at a sale price based on a formula derived from the China battery grade lithium carbonate import price.
    • Argosy and Qianyun have agreed for Qianyun to have a limited right to provide an offer for funding of capital expenditure for Stage 3 development of the Rincon Project, for which potential production is currently uncontracted.

    Either way, an old tweet. If they're older than 5 years do they become twits?
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
3.9¢
Change
-0.001(2.50%)
Mkt cap ! $55.32M
Open High Low Value Volume
3.9¢ 3.9¢ 3.8¢ $10.86K 278.6K

Buyers (Bids)

No. Vol. Price($)
3 326244 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
3.9¢ 377530 3
View Market Depth
Last trade - 11.09am 08/08/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.