Just had a read of the latest (June '23) Global Lithium and Rare Earths Miners Research doco from Macquarie Group.
The main points on AGY:
AGY’s 2ktpa Rincon lithium carbonate project now semi-continuous and it recently
produced 17.5t battery quality lithium carbonate. Our earnings forecast for FY24E
declines by 6%.
Argosy Minerals (AGY AU): Variances in South American lithium carbonate prices and the A$/US$ present key risks to our base case earnings forecast for AGY. We also make assumptions on capital and operating costs and the ramp up to full production.
Rating: Outperform
12 month Target: A$0.80
Argosy Minerals (AGY AU)
Outperform
12-month target: AUD0.80 - 1.0x NPV
Valuation: AUD 0.80 - DCF (WACC
10.4%, beta 1.5, ERP 5.0%, RFR 3.0%,
TGR 2.6%)
Price: AUD0.42
Macquarie Group Limited together with its affiliates owns a net long of 0.5% or more of the equity securities of Argosy Minerals
Ltd
Too hard to post the financials part....
Good to see Macquarie Group (and Affiliates) own .5% and are LONG on AGY!!!!
AGY Price at posting:
40.3¢ Sentiment: Buy Disclosure: Held
