AGY 0.00% 3.6¢ argosy minerals limited

Price target 1 to 2 cents by xmas, page-68

  1. 5,649 Posts.
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    I admire your optimism but why are you expecting a green week? My long term outlook for the company hasn't changed and I expect the next 12 months to be amazing, but I most likely we won't get any big news this week and until that happens I think the best we can hope for is to stay in a channel better about 17c and 20c.

    At this stage the market doubts we'll get the permit or achieve viable production (I disagree, that's why I'm here) and the longer it drags out the more the market doubts us. Meanwhile the lithium price is in a slump, and given how low it is now I'm pretty sure China will be keen to manipulate it below the low we saw in April - we may even see that this week.

    Hey, I hope you're right about this week but I suspect we're going to need a bit more patience. Next month may well be green, I think we have a better shot at that, but without a big upturn in production (which may be announced any time but might be a few more months) or any of the other biggies we're waiting for, the best we are likely to see is 17c holding up and we might even see 15c tested.

    I'm super bullish for the long term but I think getting high hopes for the short term might be setting up for heartache, and there seems to be a lot of that going around lately. Everyone is betting on the hares, we are the tortoise (frustrating since they promised us they were the hare) and won't get any love until we actually reach the goal. Probably not this week and I'm guessing we won't be up near out 80c high but we should be significantly above 18c before the end of the year IMO.
 
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