To summarise:
AGY raised capital to build the 2,000TPA plant when the lithium price was lower than it is now. Now, with a higher lithium price than when funding was obtained, the company says prices are too low to continue attempts at making the plant work.
AGY is toast.
RIO has more resources at their disposal, money, engineers, managers, etc, than AGY/Puna could ever dream of, and they will push forward at full speed regardless of economics. If production can be achieved, it may or may not be economically viable. Gcar isn't sure if RIO will be successful, eventually, one day. It'll be a long wait before we see the outcome of RIO's project, and they'll be secretive until the outcome, which at best will be marginal and at worst a failure they were happy to experiment with as a little curiosity project on the side. Quite likely they wouldn't have bothered if what they know now was known before they started, but for them it's no big deal.
AGY is toast.
- Forums
- ASX - By Stock
- Li-related News/Articles/Reports
To summarise: AGY raised capital to build the 2,000TPA plant...
Featured News
Add AGY (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $56.78M |
Open | High | Low | Value | Volume |
3.7¢ | 4.3¢ | 3.7¢ | $842.4K | 20.96M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 506572 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 85000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 506572 | 0.039 |
14 | 3018314 | 0.038 |
12 | 7999324 | 0.037 |
7 | 1273776 | 0.036 |
24 | 1332769 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 85000 | 1 |
0.041 | 280000 | 2 |
0.042 | 515217 | 3 |
0.043 | 1604010 | 4 |
0.044 | 1315373 | 7 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online