I would prefer AGY didn't lock in any contracts at the moment. With the CIF North Asia spot at US$70k+ and the insatiable demand, AGY would be able to sell its 1st year 2000t in a heartbeat with no contractual restrictions.
For arguments sake, US$70k - US$7k costs gives an EBITDA of US$126million. That is getting pretty close to self funding and if more is needed via cap raise, dilution of <100 million shares at >40c is bugger all for a debt free completely independent organisation pumping out 12,500 tpa of battery spec product. Offtakes can be signed entirely on AGY's terms after that!
I would prefer AGY didn't lock in any contracts at the moment....
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Last
4.3¢ |
Change
0.001(2.38%) |
Mkt cap ! $62.60M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.2¢ | $57.87K | 1.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1457270 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 1101688 | 4 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| AGY (ASX) Chart |