Australian (ASX) Stock Market Forum

AGY - Argosy Minerals

AGY increasing again today on higher volume. looking good for meeting this week, cant wait to here good news
 
I've been buying ARYMF this week!
picked up a partial fill @ .70, then back in again for more @ .76.....my order @ .83 came a little late, as AGY flew right past.....I think we won't see those levels again....
 
You must be an American. I bought mine under the ARYMF symbol too. Bought 11,800 shares at 40c (U.S. dollars) a couple of weeks ago. The other 31,700 shares I've held since 1997 when the company was known as Argosy mining. I can't tell you how many times I almost sold for a tax loss, but decided to wait out the Burundi force majeure. Glad I did. Good luck with your holdings.
 
Just new to this forum. Discussion on AGY certainly highlights my interest. Do you think its still worth getting into at $1.20-$1.30?:)
 
Stackman,
I can only tell you what I did, and that was to buy when I heard of the April 23 meeting.....depending on how bullish the newz is, the shares could possibly rise quite a lot more....based on the resources Argosy has claim to in Berundi, with a world class nickel deposit and unknown amounts of platinum group metals [it has been estimated on this thread @ 12 million ounces of pgm.s], the shares could be considered undervalued at current quotes.....the political risk has been what is holding AGY back....there still is risk, but I would judge that at least some of that risk has been removed.....

not investment advice
 
Just new to this forum. Discussion on AGY certainly highlights my interest. Do you think its still worth getting into at $1.20-$1.30?:)

Stackman,
I can only tell you what I did, and that was to buy when I heard of the April 23 meeting.....not investment advice

Stackman, Please note that no one on the forum can give you advice to buy or sell anything, and you should not try to solicit such either. Instead, please talk more about value or potential. And note, all price target valuations must come with detailed analysis. Siempre, please don't tell anyone to buy anything, although I do note you have qualified your statement with 'not investment advice'. Thanks.
 
ZzzzDad,
thanx for the good wishes.....
discovering this chat site has been quite a boon to my pf.....I no sooner find one undervalued looking situation, than others pop up....it's almost too good to be true.....but experience tells me the easy gains can't last forever, so my time horizon is fairly short-term, at least at this point....
 
Long time holder here also from van,canada ... had high hopes when this when first bought this in ..... glad to see mgmt was able to hold on ...
 
Yeah, Actually, looking back at my records, I bought this in 1996. It was being hyped by National Securities. Before I knew it though, the stock dropped like a rock because of the Bre-X scandal. All small gold mining stocks took a dive. I even held on during the New Caledonia fiasco. Well, I'm stubborn, I don't want to take a loss in this stock. This time is different though, I do believe. Fingers crossed anyway. This is the one we've been waiting for!!
 
another article on the great lakes region

it seems that there is a huge effort going into developing the great lakes region and creating some economic and political stability.

IMO the burundi will want to see this resource get developed due to a major influx of money been directed to govt from project. the 15% in the project will obviously help with long-term development plans and infrastructure.

http://english.people.com.cn/200704/20/eng20070420_368157.html
 
ZzzzDad,
thanx for the good wishes.....
discovering this chat site has been quite a boon to my pf.....I no sooner find one undervalued looking situation, than others pop up....it's almost too good to be true.....but experience tells me the easy gains can't last forever, so my time horizon is fairly short-term, at least at this point....

Good luck to u siempre. I am based out of Atlanta. Also traded AGY when they were doing the Norilsk nickel deal in New Caledonia some years ago.
 
Argosy mining and Calliope merged sometime back then. And then later, they merged with Andover. Then, they did some kind of reverse .6 stock split. My shares went from 50,000 plus to 31,700. All a little fuzzy to me now.
 
When the stock started to get active a couple of months ago .. i'm kicking myself for not picking some up at 6 cents..
 
well has undergone massive re-rating, burundi govt meeting set for today, should hear news on this in the next 2-3 days IMO.

would like to see the 1.20 area hold well and build up a new base of support.
 
well has undergone massive re-rating, burundi govt meeting set for today, should hear news on this in the next 2-3 days IMO.

would like to see the 1.20 area hold well and build up a new base of support.

I would think we wil know by tomorrow morning. Make or break for this company, either way current prices won't be seen again for a long time.
 
well in trading halt now so those who are in are in!

open again thurs morning, so obviously we will have burundi govt meeting when we re-open
 
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