I traded FMG quite a bit in 2005 thru 2008 and did make some...

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30/09/21

18:33

Post #: 56477597
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Originally posted by perer66 ↑

this has been way undervalued for some time now and still is. BOTs have been in control for a while now. It's been a great time to buy.
So company has hinted in last few announcements that funding for 10,000TPa expansion was being negotiated and as the BG Lithium Carbonate price continues to rise AND more importantly , as Chinese converters continue to buy everything, there is need for end users to start to look at supply alternatives. AGY have suggested all along they want funding without further dilution of company and linked to some sort of OT deal..... suggest this deal is now getting closer to getting done.

Once they get funding and OT for 12,000 TPA .. this is going to over a $1 ... at current lithium prices. I think Lithium prices may go a little higher and the AUD /USD exchange also going in our favour as Aust get hit by lower iron prices, which is a big factor keeping this country going at present ! We could get a further 5-10% hike here ( in exchange rate alone ) in 12-18 months .
For those that are concerned about resource size, email Jerko. Non issue ... deeper drilling will confirm larger resource.

For those that dare to dream... I remember looking at FMG when it was under 20 cents and thinking of buying a million shares. Failed to act and regret to this day ! Not making that mistake again.

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I traded FMG quite a bit in 2005 thru 2008 and did make some money on them then, but in hindsight should have just hung on for the longer term! Wish I'd had the same faith in them that I have in AGY - I first started buying AGY in May 2016 and have increased my holding considerably since then. Haven't sold any. It's been a pretty long road though this one. Looking pretty promising right now

AGY Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.3¢		Change -0.005(5.68%)		Mkt cap ! $120.8M

Open	High	Low	Value	Volume
8.6¢	8.7¢	8.3¢	$39.23K	463.6K

Buyers (Bids)

No.	Vol.	Price($)
4	225134	8.3¢

Sellers (Offers)

Price($)	Vol.	No.
8.6¢	22988	1

View Market Depth

No.	Vol.	Price($)
4	225134	0.083
3	336585	0.082
3	164691	0.081
4	699548	0.080
3	111848	0.079

Price($)	Vol.	No.
0.086	22988	1
0.088	115624	2
0.090	157851	4
0.092	219587	4
0.093	15300	1

Last trade - 16.10pm 10/07/2024 (20 minute delay)

AGY (ASX) Chart

I traded FMG quite a bit in 2005 thru 2008 and did make some...

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

Greentech finds lithium trend across 5.5 km at WA's Kobe South

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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I traded FMG quite a bit in 2005 thru 2008 and did make some...

Top Stories

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

Greentech finds lithium trend across 5.5 km at WA's Kobe South

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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Buyers (Bids)

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Featured News