AGY 1.35% 3.8¢ argosy minerals limited

I assume the price is tanking because they aren't producing and...

  1. 193 Posts.
    lightbulb Created with Sketch. 25
    I assume the price is tanking because they aren't producing and aren't selling and have a cash runway until Q1 2024.
    AGY are going to need to capital raise and in this market, that's going to be at a discount.

    Hence the selling.

    P.S. - You might think the share price is undervalued but if directors aren't buying, it doesn't look like they agree with you.

    Im looking for a re-entry but it will likely be on announcement of a capital raise or seeing directors buying.
 
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Last
3.8¢
Change
0.001(1.35%)
Mkt cap ! $55.32M
Open High Low Value Volume
3.7¢ 3.8¢ 3.7¢ $61.34K 1.636M

Buyers (Bids)

No. Vol. Price($)
4 282506 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 176342 5
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Last trade - 11.17am 12/08/2024 (20 minute delay) ?
AGY (ASX) Chart
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