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6.98%

8.0¢ argosy minerals limited

Actually I counted wrong... they raised more than $300m.... it's...

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krugerrands

418 Posts.

138

02/07/21

15:59

Post #: 54244544
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Originally posted by krugerrands: ↑

Thanks, I'm sure it will be interesting how it comes together and there is much to consider.
Here is looking at GXY.

I dunno.... their statements does not look good either....
This is not a profitable operation either in 2019 or 2020 just on gross profit alone.... not sure what is in the pipeline to change that.
But as things stand for a commercially operational business, from what I see, not good... see below.

That does not look like profit to me.

So yes.
They do have $210M in cash but that did not come from profitable operations.
That came from the selling of assets and capital raising ..... because they had to.
Just looking at the items listed above, that is $300M which would have left them without any casflow to operate if the did not sell/raise.
Now I'm not sure if they made any profit on those assets or if that too was sold at a loss.

And yet.

Another loss making business with $1.9b market cap.

Does anyone know how they intend to become profitable or indeed what I'm missing here?

Expand

Actually I counted wrong... they raised more than $300m.... it's ~$420m over 2019/2020 with assets sales and cap raise.

That is MORE than their current shareholder equity that already includes the $420m!

Last edited by krugerrands: 02/07/21

AGY Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.0¢		Change -0.006(6.98%)		Mkt cap ! $116.4M

Open	High	Low	Value	Volume
8.6¢	8.7¢	7.9¢	$402.0K	4.882M

Buyers (Bids)

No.	Vol.	Price($)
1	12500	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	176753	2

View Market Depth

No.	Vol.	Price($)
1	12500	0.080
6	145465	0.079
6	577820	0.078
1	20000	0.077
3	160000	0.076

Price($)	Vol.	No.
0.081	176753	2
0.082	446400	4
0.083	111144	2
0.084	89842	2
0.085	923578	5

Last trade - 16.10pm 24/06/2024 (20 minute delay)

AGY (ASX) Chart