AGY 2.63% 3.7¢ argosy minerals limited

Li-related News/Articles/Reports, page-8834

  1. 4,142 Posts.
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    JZ can't delay a production update indefinitely. The quarterly report is due in 31 days, and if it lacks information regarding production volumes, or if there is no progress update before then, the market will understandably react negatively. AGY released a progress update on 19 Apr 24, 11 days prior to the last quarterly report, so I expect to see something similar this time with a progress update to be released within the next 3 weeks.

    This company claims to be at the stage of sustained, continuous plant operation, so the upcoming production volumes should reflect this. Otherwise, it will likely be seen as another instance of AGY's habitual carrot-dangling.

    Personally, I think anything less than ~90 tonnes per month (~55% of nameplate) would not be a good look, and will not bode well for future cash flow, especially noting the undisclosed outlay for the recent acquisition of additional tenements.

    Crunch time is rapidly approaching.
 
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