If I held I would be contacting Jerko and asking how much of company $$ was held in pesos?
They obviously need to pay locals in the currency so would need to have a considerable amount in the bank.
Whatever the number, it just got cut in half (actually bout 54% haircut)
Lithium in the doldrums but any companies caught out with pesos will definitely feel the heat.
I see a lot of chat about what has and hasn't been done by the company but I'm yet to see any talk about the devaluation of the local currency - which is huge news and probably more than a coincidence that AGY got hit heaviest today.
There's no currency values in quarterly or half yearly accounts, so it'd be helpful for holders and potential holders to know how much AGY will be affected by FX news?
By no means am I ramping in either direction.
Quite big news for companies based in Argentina and AGY is a company I'm interested in.
If I held I would be contacting Jerko and asking how much of...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $168.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $235.2K | 1.876M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 956840 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 19944 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.3¢ | 1090017 | ||
| Last updated 16.00pm 03/05/2024 ? | |||||
| AGY (ASX) Chart |