AGY

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4.2¢ argosy minerals limited

General Discussion AGY, page-20173

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Mlc2318

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15/01/24

07:37

Post #: 71875555
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Originally posted by Sdaji: ↑

Not long ago all the analysts were saying the shortfall in supply would last for many years. Now they’re saying a surplus for 3+ years.

I really don’t think we can accurately forecast these things three years ahead. The big analysts sure have a great track record of not getting it right. We are likely to see fluctuations over the years. Demand can fluctuate more rapidly than supply, demand isn’t especially fussed about the price; for EVs, even at prices higher than the maximum we’ve seen it makes little difference to the overall cost of the vehicle, so there is definitely a big potential for price spikes, and while the cost of production can provide something of a floor, the spot price can certainly fall below the cost of production for short periods. I think it’s likely that we will see an average price much lower than the relative recent highs and we may never see those highs again, but predicting average prices years ahead is very dubious.

The market may be speaking, but it is very fickle and what it says today may have little resemblance to what it is saying in the not too distant future. Of course most people will see what they want to see and be influenced by their biases, and the market will always have a tendency to expect short term trends to last longer than they actually will. Right now we’re in gloom mode, after CNY we’re likely to see some amount of positivity which will probably cause more excitement than it should, and we’ll likely see analysts forecasting something very different, with equally little relevance to three years away. One thing is for sure, sentiment can’t get much lower than it is now… probably.

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the sentiment can’t lower ..? if they Don’t hit the ball out of the park with the next announcement , This will head into the single digits…

AGY Price at posting: 12.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.2¢		Change 0.002(5.00%)		Mkt cap ! $61.14M

Open	High	Low	Value	Volume
4.1¢	4.2¢	4.1¢	$17.38K	420.6K

Buyers (Bids)

No.	Vol.	Price($)
5	450601	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	146892	2

View Market Depth

No.	Vol.	Price($)
5	450601	0.041
14	1161855	0.040
11	3139102	0.039
14	781280	0.038
11	1066018	0.037

Price($)	Vol.	No.
0.042	146892	2
0.043	120000	1
0.044	382711	3
0.045	123242	3
0.047	98988	2

Last trade - 16.10pm 06/09/2024 (20 minute delay)

AGY (ASX) Chart

General Discussion AGY, page-20173

Shekel Brainweigh investor presentation webinar – the future of retail automation

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

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Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

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General Discussion AGY, page-20173

Top Stories

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Featured News

Buyers (Bids)

Sellers (Offers)

Featured News