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AGY - Argosy Minerals

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The second quarter financial report that is out today quotes $240,947 in arbitration costs for this quarter, as opposed to $62,963 in the first quarter. Apparently the arbitration is going full force right now.

Would the company waste a quarter million dollars in this quarter if they didn't feel they had an airtight case? That is about 1/10 of their cash reserves, and probably means more is being spent in this quarter as well.

My question to anyone that might have an answer - Who is paying the arbitration expense for the Burundians - one of the poorest nations on earth? Obviously they have counsel representing them. Any ideas? Could another company or country be paying it? Who is helping them with this?
 
It's a shame to see AGY having posted phenomenal gains recently, with no discussion here in years. Anybody know what the story is?
 
looks like a brick wall with some guys on the other side who have some idea of whats going on without letting the public know. Releases aren't helpful, their website is "coming soon" and they are suspended as of today until early march. That help?!
 
Last post here was feb 2011. Its now half past october 2016.
Does anyone have any wisdom to contribute to this thread with regards to current day AGY?
 
they like Lithium, doesn't everybody?
If 4.3 can be broken, there may be something more in it. 4.5, possibly even 5c.
On that basis, I took a small speccy posi.

AGY o 31-03-17.png
 
stockartist147 said:
Gents AGY is down by 25% despite the announcement, whats going on :(
Click to expand...

The devil is in the detail:
A sample of the first one kilogram production batch was tested in the Company's lab co-located at the Stage 1 industrial scale pilot plant and determined to be a good quality 'industrial grade' LCE. Importantly, key deleterious elements for battery grade such as Mg, SO4 and metallic impurities were within acceptable specification ranges, which Argosy will have independently tested by a third-party lab to confirm its internal results. The key issue determining the tested batch to be industrial grade vs. battery grade was the presence of certain soluble impurities. These would usually be removed by the 'washing' stage but that stage is not yet fully functional in the plant because the stage prior requires a high heat, and Argosy is still awaiting a natural gas supply for the plant to provide such temperature.
Click to expand...

The market was expecting battery grade, not industrial grade.
 
stockartist147 said:
Thanks greggles for that... Just pondering if AGY is a good buy at this price...
Click to expand...
Buying after a negative or disappointing announcement is a risky game. You have to be sure that the sell off has been overdone and that things won't get worse. If you're not sure, wait until the dust settles and do your research. Better to wait if you're uncertain. There are always other opportunities.
 
Argosy Minerals recovering over the last couple of days after releasing a couple of announcements that has restored some confidence.

Yesterday they announced that the main gas supply at their industrial scale pilot plant for the Rincon Lithium Project has been switched on and its being utilised. Now perhaps they can produce the battery grade material as they were originally intending.

Today they announced a maiden JORC compliant Mineral Resource estimate of 207,957 tonnes of contained lithium carbonate equivalent (LCE) product for their Rincon Lithium Project in Salta Province, Argentina.

The AGY share price has bounced back nicely but the next test is the 30c mark where there looks to be some resistance. Currently trading at 28c, up 7.69% from yesterday's close.

big.chart-AGY.gif
 
This morning Argosy Minerals has confirmed that 'battery grade' 99.6% LCE product has been achieved from its Rincon Lithium Project in Argentina. The company also said that it is progressing with product off-take discussions with major international groups.

AGY has bounced back nicely today after the announcement and is currently up 36.11% to 24.5c.

big.chart-AGY.gif
 
Its a sham IMO, in house testing, not independent. Tiny amount of LCE produced from a tenament that doesnt look viable anyway. More pumping from the HC crowd and related parties. DYOR.
 
AGY popped up on my daily scan today. Latest news released on the 5/7 didn't really spark any SP movement but something is brewing as SP is starting to run up and may break recent high of 8.7c

upload_2019-7-16_16-49-23.png


upload_2019-7-16_16-54-46.png
 
Up about 15% today with no recent news that I can find. Lithium has yet to move. Newly announced defence pact with Japan maybe?
 
Argentinian lithium play Argosy Minerals is asking fund managers to tip into a $30 million equity raising at 13¢ a share.

Stockbroker Bell Potter kicked off the placement on Thursday morning, telling funds that Argosy Minerals was after development capital for its Rincon Lithium Project in Argentina.
 
AGY has quietly doubled in price from 15c last month to a high of 30c this week.

The first commercial production of battery quality Li2CO3 product from the Rincon Lithium Project is expected by mid-2022. Project
construction works are now 40% complete and the 2,000tpa process plant design and engineering layout works are completed.

These are AGY's objectives for the current quarter:

AGY291021.png


Also worth noting this:

AGY291021b.png


Lots of scope for more good news in the coming months.
 
Selected AGY for the Jan comp. Interesting that no-one, so far, has posted about it for the CY22 yearly comp.
Lithium will continue to fly high in 2022.

Chart wise. The recent HVBB prompted a new position in the Combo portfolio. I also notice that other Argentina Li brine projects have attracted lots of demand recently.

agy3112.PNG
 

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