AGY

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3.8¢ argosy minerals limited

Li-related News/Articles/Reports, page-8976

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gsc300

250 Posts.

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25/07/24

10:31

Post #: 74908880
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Originally posted by asxDragonslayer: ↑

Due to the Lithium price we have been wedged between operating the 2ktpa plant and developing the extra 10ktpa plant.

The power is all in our customers hand at the moment. They want large supply (always have) over may years at the cheapest possible price. The market at the moment allows them to dictate to suppliers.

They may not have told us directly but its likely through many talks its become obvious we need a bigger offer.

Yes those short term or low risk tolerance bail at any cost sending us down. I'm not criticising them we all have our valid reasons but as is always the case we go down on low volume (3.5% approx).

Someone bought those and the other 96% held. Top 20 is something like 20% so something like 75% retail held.

Unfortunately we will drift about like a lost boat while the sea's take time to settle.

I'm just hope management can put together a new presentation that explains the change in strategy, we haven't wasted our time and a clear and honest vision of where we are moving.

Yes I felt sick reading the announcement yesterday morning becasue I knew it would cause an small avalanche and I like all faced those couple of hours in a major dilemma of hold or sell. Having to sit down and tell my wife was tough but thankfully she is very supportive. It wont break us but its put a big dent in our plans hopefully only temporary. I imagine I'm not alone, there and many people over in Argentina who will be feeling sick having lost their jobs having bills to pay etc.

The impact of this is much more visible to management than previous faffing about so hopefully we see a reinvigorated approach of transparency and accountability not simply putting all the blame on the Li price.

imo
dyor

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It's definitely a tough time for AGY and all involved (and still holding). But their decision for capital preservation is a must during this environment.

I agree, they need to learn to be more transparent and improve on their communication. Keeping shareholders in the dark is simply unprofessional especially on a stock exchange level.

AGY Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $55.32M

Open	High	Low	Value	Volume
3.9¢	4.0¢	3.8¢	$131.9K	3.384M

Buyers (Bids)

No.	Vol.	Price($)
4	872154	3.8¢

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Price($)	Vol.	No.
4.0¢	990329	8

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No.	Vol.	Price($)
4	872154	0.038
6	1030581	0.037
25	2570708	0.036
26	2613178	0.035
6	1226910	0.034

Price($)	Vol.	No.
0.040	990329	8
0.041	670500	6
0.042	998817	10
0.043	1577500	3
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Li-related News/Articles/Reports, page-8976

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Li-related News/Articles/Reports, page-8976

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Buxton projects new graphite province discovery at WA Narryer play

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News