AGY 2.70% 3.8¢ argosy minerals limited

As per JZ's recent interview nothing has change regarding the...

  1. 13,452 Posts.
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    As per JZ's recent interview nothing has change regarding the companies stratedgy, that is find a strong offtake partner to help fund not only the current expansion plans but any expansion further down the track, he hopes to emulate PLS and AKE in that regard, someone strong that can support during good times and bad. That may ( very likely IMO) also involve a strategic stake in AGY .
    Any debt prefered by way of pre payments not financial institutions.

    What has changed is the price of Lithium has strengthened AGY's hand considerably in recent months including its cash position and upcoming revenue stream, this has enabled them to sell into the spot market without the need of an immediate offtake if talks take longer than expected . This is a very good situation to be in.

    Self funding was discussed but that would have to be from a considerably higher shareprice and from a risk , future expansion and dilution perspective is almost certainly not going to happen anyway, but current prices do offer the prospect of reducing the debt load /pre payment obligations...

    Cheers Whisky
    Last edited by Whisky49: 25/06/22
 
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