AGY

2.63%

3.7¢ argosy minerals limited

Holding and will continue holding.. agreeing, the SP is always...

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e7dem

1,231 Posts.

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09/08/23

12:23

Post #: 69243737
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Originally posted by Dr_Manhattan: ↑

Fair point but people might have a different approach.

These days, I do the research, make a plan and try to stick to it (obviously periodically assessing the fundamentals). For me in lithium, as long as the sector demand thesis is strong, holding long term to 12k+ production was always the plan. Probably the costliest thing I've done over and over early on with companies transitioning from explorer to production, is to sell out early, either on panic or profits, instead of sticking to the plan. Had I just held everything through all the ups and downs, as lazy as it sounds, even with some companies completely failing (AJM for example), a few of my positions would have easily covered those. As an example, I had $30k in PLS at 30c once and end up near 50% down at one point and sold out. I hold PLS today but at nowhere near such a low entry. Same story over and over. You only need to get one early entry right and let it run into a solid company to do very well even if you get a few failures along the way.

Having said that, there is nothing wrong with selling with 300% profit IF that's your plan. In another multiverse, AGY could have its permits and its plant humming with the SP at an all-time high right now, so hindsight makes commentary easy. You really never know how the journey is going to go, so I'd rather stick to the plan these days instead of crying over trading missed highs.

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Holding and will continue holding.. agreeing, the SP is always all over the place when a miner hasn't transitioned to producer. Painful....

I wish JZ could do a couple of easy things.... increase resource, and get that 10k/ year permit (ok not in his hands).... but get it already

AGY Price at posting: 27.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change -0.001(2.63%)		Mkt cap ! $53.86M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.5¢	$359.1K	9.763M

Buyers (Bids)

No.	Vol.	Price($)
6	2015083	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	157403	2

View Market Depth

No.	Vol.	Price($)
5	1965083	0.036
26	3441867	0.035
10	928154	0.034
16	2581525	0.033
4	1305000	0.032

Price($)	Vol.	No.
0.037	150000	1
0.038	225179	1
0.039	287418	3
0.040	690961	6
0.041	2615000	2

Last trade - 16.10pm 02/08/2024 (20 minute delay)

AGY (ASX) Chart

Holding and will continue holding.. agreeing, the SP is always...

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Holding and will continue holding.. agreeing, the SP is always...

Top Stories

Venture to sniff out high-grade REE targets at Jupiter project, WA

Westgold sets its sights on top five producer status through merger with Karora

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News