Share
6,029 Posts.
lightbulb Created with Sketch. 688
clock Created with Sketch. 14/06/16
23:42
Share
Originally posted by billyen
↑
AGY Management: So often we see explorers with no revenue do capital raising for no other reason than to just pay high salaries of top exec and BODs and then do a bit of drilling.he best intentions of shareholders and they wish to increase shareholder value. AGY's Lithium assets: Salar de Pocitos and Mina Teresa covering 4,279 hectares of mining titles. The options on these properties have NOW been exercised and AGY has a full 12 months to commit to purchase. This is a great risk free deal for shareholders and has plenty of upside.Mina Teresa's lithium resources aren't a mystery as ORE did drilling and posted the results for everyone to see in 2012. Mina Teresa has high lithium content and low magnesium. This will make it less costly to extract the lithium. For the exact results ORE results...DYOR or look through the AGY threads.AGY has a ACE in it's pocket which will give it a dramatic lead over other explorers that will enter the area. The company that AGY is buying it's land from already has a small state of the art Lithium processing plant. It's staffed and run by Dr.Carlos Sorentino, a "Australian trained" with over 20 years experience in Lithium mining and over 10+ years in Argentina. As we all know that Mr.Market gives a MASSIVE difference in valuations to miners than explorers. AGY's plant will only produce a small amount of battery grade but, it WILL PRODUCE and that will give AGY a small cashflow from lithium...something that not many of the ASX juniors can claim.More "Lithium Triangle" assets targeted: Dr.Sorentino which will give it a strong advantage over any other juniors entering the area. AGY's Finances: I believe this amount can and will be financed through a off-take deal. AGY in it's most recent announcement has even mentioned off take. Why would you even mention unless your close to something big. I think the battery makers are watching AGY carefully and the calls will be coming soon, if not already. AGY may not even need to do another CR in the future.AGY's low market cap: assets to be acquired . It's possible these assets maybe be better than Salar de Pocitos and Mina Teresa.A JORC result .
Expand
Great post. If you wants bags, this is it guys. Load up. This is going to be such a goooood ride!
(20min delay)