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8.0¢ argosy minerals limited

Li-related News/Articles/Reports, page-4741

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Kaeho

7,092 Posts.

1652

08/08/23

20:06

Post #: 69231641
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Originally posted by Gvan: ↑

@Kaeho
It was stated at the AGM that "Recent lithium price decrease hasn't altered the terms of the agreement. Is expected to be finalised within the same timeframe as the EIA approval." - Again thanks to @ellroy80

The AGM was in April, when spot was much lower than what it is today. Spot was 150,000-180,000 yuan per tonne on the 20th of April, AGM was held on the 27th I believe. So if the above statement from the AGM is true, then the current dip in spot price (250,000-270,000 yuan ($34,816-37.602) per tonne) should not have any influence on the terms of agreement. Now will they be getting anywhere near the peak spot price? No, but that was never on the cards anyway.

Obviously this statement can be followed up with the usual counter arguments, what good is management's word when they fail to meet targets? Hearsay from the AGM etc. But again, if apparently there was no change to the agreement during the lows of the spot price, then the current higher pricing shouldn't play a part either.

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But we dont even know the terms of the mysterious agreement. How are we suppose to compare and ensure that it really didnt change?

AGY Price at posting: 29.5¢ Sentiment: None Disclosure: Held
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