AGY 4.00% 12.0¢ argosy minerals limited

Fact: AGY explicitly stated that among the pilot plant's goals...

  1. 5,349 Posts.
    lightbulb Created with Sketch. 2083
    Fact: AGY explicitly stated that among the pilot plant's goals was to produce product ongoingly to fund expansion projects.

    Fact: It was named a 500TPA plant because it was intended to produce (ongoingly and profitably) at a rate of 500TPA or close to it.

    Fact: It failed to do the above and even at a far higher lithium price than anticipated, the plant was abandoned/mothballed.

    Fact: It can objectively be said to have failed to achieve what it was supposed to.

    Fact: Regardless of whatever excuses you or the company may make, whatever the true or imagined to dishonest explanations may be, the 2KTPA plant does not produce at a greater a rate in relation to nameplate than the abandoned pilot plant did over four years ago.

    Fact: To demonstrate any increase in their ability to make this method work, they need to actually produce at an increased rate. This has not happened.

    Fact: Claiming that they're hopeful of something happening in the future does not constitute demonstrated results.

    Fact: No one has stated that the pilot plant never achieved anything at all and you make arguments which can objectively be described as $tr@w m@n arguments.

    You can claim that the issue is due to the filtration not working when scaled up, but the pilot plant didn't work any better, so whether you are being dishonest or you simply don't understand the situation, your argument is objectively flawed. They aren't stuck trying to make the 2KTPA plant work as well as a scaled up version of the pilot plant as you imply, they are stuck at the same dismal percentage of nameplate that they were all those years ago.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
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) ?
Last
12.5¢
  Change
-0.005 ( 0.00 %)
Open High Low Volume
12.8¢ 12.8¢ 12.3¢ 1090017
Last updated 16.00pm 03/05/2024 ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.