AGY 8.33% 11.0¢ argosy minerals limited

Yes the last week candle's close was a sight for sore eyes, with...

  1. 2,665 Posts.
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    Yes the last week candle's close was a sight for sore eyes, with a nice rejection of the ~12c range. I was proven wrong in that it did end up gaining 30% odd, albeit on the back of no new company-related progress. We can assume a few things here, of which some you've already touched on.

    Unless AGY pull a rabbit out of a hat, I have confidence a cap raise is more and more likely (no approvals, no financing/partner, as stated by the company). Price generally gets pumped prior to raises, however this didn't stop LKE from raising at a crazy ~40% discount. Let's hope if it comes to that, AGY have the competency not to screw their shareholders over with a ridiculous discount given to the sophs, especially when on the brink of production, approvals and a financing partner, or so we're told.

    Keen to see the next quarterlies figures. And also keen to see what progress they've made on their milestones they should have completed in ~2 weeks.

    IMO DYOR


    https://hotcopper.com.au/data/attachments/6026/6026159-7d6a893c1cb1c4d80931892edaf4242b.jpg

 
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Last trade - 15.59pm 06/06/2024 (20 minute delay) ?
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