STTCOMP AGY, FA Long
**TECH or AGRI vend in potential**
AGY - Argosy Minerals
Last Price $0.004
Market cap ~$1.7mil (at $0.004), 488 mil shares outstanding
Cash on hand $264K (EV $1.436mil)
Activity - Erongo Graphite project (Namibia) & Wee MacGregor Copper Gold project (QLD)
I am tipping this stock as a result of clues regarding future activities provided in the recent quarterly report. AGY states that they are working to identify and review acquisitions in the technology and agriculture related minerals.
AGY has a very low EV for a potential agri vend in. EV could double from here on speculation of a agri vend in and still not be too demanding. AGY is cheaper compared to other recent agri vend ins or potential vend ins including CAE, AYB and CCF.
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