AGY 4.82% 8.7¢ argosy minerals limited

I see you have nothing constructive to add, as usual.If some...

  1. 13,665 Posts.
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    I see you have nothing constructive to add, as usual.

    If some people DTOR and opened their eyes a bit they might realise that the last big rise that occurred in the sector saw AGY appreciate more than many others, and subsequently we retraced more than many others.... Round 2 is on its way soon enough imo, and this time we actually have a proven BG process and tonnes of prime product in the hands of potential end-users for qualification. The timing is rather uncertain, sure, but the ultimate outcome less so, imo.

    DYOR


    From the start of the rise in late 2017:

    https://hotcopper.com.au/data/attachments/2437/2437491-2716eb82d0e48cf36185f1a21be2577c.jpg

    ...and from the start of 2018 when the excitement generally peaked:

    https://hotcopper.com.au/data/attachments/2437/2437494-6789ebd1c32bf67b566d455da4fdf675.jpg

    If anything, the current divergence (in the last couple of months) indicates that we are "due" for a bounce soon.

    IMO that second chart illustrates quite clearly that there is nothing necessarily unique or specific to AGY that is responsible for the decline in this period. Actually the current divergence appears basically within the noise band for those data sets - rather insignificant in the scheme of things.

    Jerko this, funding that, nah I don't buy it. Sure, funding would (and will), imo, help the sp along nicely...but imo we are pretty much just floating on the seas of sentiment with the rest of them, at least for now.


    Perspective and context seems underrated by some!


    IMO
    DYOR!
    Last edited by GCar: 02/09/20
 
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