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?
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