Australian (ASX) Stock Market Forum

AGY - Argosy Minerals

We are now up 133% from the intraday low of 22.5 from just two weeks ago. Quite a recovery. Speculation is on this Zambian project being announced soon, or some good news from Burundi. Whatever, something is brewing. Announcement is probably coming shortly.
 
Something positive must be in the wind. Up as far as 68.5c today. Hoping for better news on the Burundi legal situation.:)
 
Something positive must be in the wind. Up as far as 68.5c today. Hoping for better news on the Burundi legal situation.:)

Reply to speeding ticket issued at 12:43 pm today. The usual "we know nothing" response, palms upturned to the sky.

Interesting that trades around 60c still went through for up to 10 minutes after the reply.

Finished at 50.5c, down 2.5c. Still, maybe there is something positive in the wind, just that AGY are not ready to release it yet.

regards YN.:)
 
Nice finish for AGY considering such a down day in the overall market. Up .005 to .445, after trading as low as .385.

I've heard from several sources that Peter Lloyd is headed back to Zambia today, perhaps to put the finishing touches on that deal

As our former cheerleader used to say - Good luck to all longs.
 
look out for a big announcement over the coming few weeks...

actually...i don't know exactly how big...but it will be significant...today's share price movement might be an indicator?
 
Hope you are right InsideTrader, but we have been waiting multiple two or three week periods so far. On another board, someone also mentioned October as the date for news for AGY. We'll see.
 
look out for a big announcement over the coming few weeks...

actually...i don't know exactly how big...but it will be significant...today's share price movement might be an indicator?

Why should people be on the look out for an announcement in the next few weeks? Is this based on anything that has been previously announced by the company or are you just guessing? And how do you know it will be 'significant'?
 
im not just 'guessing'

yesterdays trading may be an indication of people in the know getting in before the ann...

We had a nice quiet advance today on moderate (for AGY) volume. Has anyone heard a reason for this? insidetrader, are you hearing anything new?

This stock has advanced from around .35 last week, to .495 (.50 high) today. Could just be an accumulator, but it "feels" like something more.

Hopefully, next week will bring some news.
 
yeah someone told me last week that AGY was on the move again- no reasons or anything given though...i'm right at the bottom of the chain...just said to get on it...
 
Don't know if it is true or not, but it was mentioned on another forum that Peter Lloyd is on his way to BOTH Zambia AND Burundi. If he is going back to Burundi, then this is BIG news. With an arbitration lawsuit ongoing, there would be no reason for Peter Lloyd to travel to Burundi, unless something were up - a possible break through. This could be a possible explanation of the near 50% runup of the last two weeks.
 
Yesterday's announcement that AGY would not proceed with the Canadian Sudbury option and instead they would concentrate on their African projects could be a positive indication that they feel that their African projects may yield a more promising outcome.

Let's hope so for the sake of patient holders.:)
 
What would a visit to the mines (by an Analy I believe) have on the share price. I was told October that this visit was about to happen by a fundamentalist and to get in at 34c.
I am having lunch with this guy tommorrow and will congratulate him on his success, he was in at 32c. :banghead:
 
Okay, it has been a while since anyone has posted on this thread. I'm wondering if anyone is hearing ANYTHING at all. Whispers, rumors, or facts.......???

The only good thing about all this delay is that some of the shares I bought in March will soon qualify as long term capital gains.
 
Here is something wrong!
11,3 % down (0,55) and the next buyer on 0,36 (someone know something).
I'm afraid this is it for Musongati and Burundi.
You just dont take a nation to court, and hope for the best
 
Here is something wrong!
11,3 % down (0,55) and the next buyer on 0,36 (someone know something).
I'm afraid this is it for Musongati and Burundi.
You just dont take a nation to court, and hope for the best

Must be okay, the 231k bid is back at .55. Probably needed reassuring from someone overnight. I think everything is still on track, but what do I know.
 
It has been a long time since anyone posted on this thread. Anyone hearing anything at all thru the grapevine?

There should probably be an announcement early next week for the AGM agenda - Director's elections and options, etc. It will be interesting to see if there are additional options for outside parties, like there were last year, but were apparently never issued within the 3 month period after the AGM. It will also be interesting to see if all the directors are up, and whether they will all get options to presumably expire in 2013, and at what strike price.

Meanwhile no news has meant a very low stock price.
 
SP up more than 60% to 40c today. Doesn't appear to be any news officially announced, apart from quarterly report released last Friday morning.

Maybe something's in wind, perhaps a favourable development in Burundi (faint hope).
 
AGY back to .30. The word from people who have called the office is that Peter Lloyd is in South Africa this week, which I assume is his base of operations as he shuttles between Zambia and Burundi. Let's hope something is finally about to break for us.
 
Well, back to under .20 again. The quarterly activities and cash flow report contains nothing new. It does still hint at a project or projects in Africa that will have an immediate effect on cash flow if it comes through for us. The Burundi tenements are still in arbitration, etc.

Word is, from someone that has called the office, is that Peter Lloyd is back to Africa again this week, after having returned from there just a week or so ago. Time will tell if anything pans out with Burundi or other projects.
 
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