That is a very good reminder. Call me fool but I added more AGY shares under my SMSF holding today. I will be adding some more this week as the fund is rolled over. I am many many years away from retirement and by then AGY will surely be above 41 cents if not $4 ( Or at least $1 and above).
A month ago we would consider 60 Cents a bargain entry point and today we have 40 Cents on offer. As a long term share holder of this company who rode it to a high of 48 Cents around 2018 on hype, and down to 3 Cents not that long ago, AGY has progressed much much further from where it was back in 2018, and this fall in share price does not make any sense at all. It is in a cusp of becoming a BG Lithium producer and start generating cash unlike many other Lithium hopefuls in ASX.
Manipulators will do what they do best and move share price in either direction for their advantage. Right now, they want to push us down while the overall market condition is in their favour. They tried it during COVID fear, Russia's invasion to Ukraine fear and the list goes on. It has recovered harder from each of these massive downward swings. I expect this time will be no different.
IMO do not be fooled by the manipulators if you can during such times. Lithium demand is not going anywhere anytime soon, and a company that is about generate regular income and become profitable will survive even if the market was to crash.
Good luck to all fellow shareholders. Hopefully we will be laughing at this price action in few months time like we did for other similar events in the past.
Cheers.
AGY Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
