Sunday Times article 11th July - Taylor Securities rates Argosy Minerals (AGY) as a "BUY".
The following article by Patrick Taylor was extracted from the Perth Sunday times today.
Quote"
With no analyst coverage it is easy to see why this Argentinian lithium brine developer has been overlooked as the rest of the sector recovered its strength. Fully funded to its first stage of development by mid-2022, we expect AGY to re-rate higher as the project progresses to first production, and timing's good with lithium prices recovering well. With prospects for supply-side constraints we believe he background market is supportive of the proposed ramp-up in production, and from this low valuation, it could really charge ahead. " Unquote.
It's nice to have brokers putting their name out their and providing some positive spin on AGY.
Generally someone like Jerko would have had to draft something like this and pick up the tab for a nice lunch to get this piece of coverage. Based on the wording however, this may not be the case, on this occasion, as I don't think that Jerko would classify AGY as being an Argentinian brine developer.
AGY Company Overview on there webpage states" Argosy Minerals Limited (ASX: AGY) is an Australian Company with a current 77.5% (and ultimate 90%) interest in the Rincon Lithium Project in Salta Province, Argentina and a 100% interest in the Tonopah Lithium Project in Nevada, USA.
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