AGY General discussion 2022

[MDhere]

Ok i will kick start this one. back in the dark ages (not that long ago) i dabbled at .008 with this one in my stupid trading days i lost it at .01 lol then i realised my dumb mistake to trade i told my hubby to buy it but stupidly i didn't take my own advice lol (my mistake no.2) Anyway thankyou thankfully at times he does listen to me and he bought it at .011 to memory and now look where it is. And going strong. I'm not invested in it as im like the one saying come on down but i should be as i believe in it. Well. at last hubby is but we don't share lol O well. does anyone else have agy and their thoughts. i think its going places. imo

 

[OPM3377]

Agy will go strong in summer 2022

 

[David B]

I've been holding AGY since 2018. It's been an interesting 4 years but nothing too unexpected given the industry their in. Revenue should start to flow in the next 5-8 months and I think it'll be very interesting to see how AGY's SP will reflect all their hard work. I'm also a holder of Lake Resources and I'm hoping the success at AGY will give me some good guidance where LKE will be in 2024-25. Cheers

 

[krugerrands]

Ok i will kick start this one. back in the dark ages (not that long ago) i dabbled at .008 with this one in my stupid trading days i lost it at .01 lol then i realised my dumb mistake to trade i told my hubby to buy it but stupidly i didn't take my own advice lol (my mistake no.2) Anyway thankyou thankfully at times he does listen to me and he bought it at .011 to memory and now look where it is. And going strong. I'm not invested in it as im like the one saying come on down but i should be as i believe in it. Well. at last hubby is but we don't share lol O well. does anyone else have agy and their thoughts. i think its going places. imo

Maybe see if the thread title can be changed to "AGY General Discussion" ?
I see other tickers add 2022... not sure that is necessary

 

[MDhere]

Maybe see if the thread title can be changed to "AGY General Discussion" ?
I see other tickers add 2022... not sure that is necessary

ok i think ive changed title now

 

[krugerrands]

I've been holding AGY since 2018. It's been an interesting 4 years but nothing too unexpected given the industry their in. Revenue should start to flow in the next 5-8 months and I think it'll be very interesting to see how AGY's SP will reflect all their hard work. I'm also a holder of Lake Resources and I'm hoping the success at AGY will give me some good guidance where LKE will be in 2024-25. Cheers

Also holder since 2018 and doubled my holding in 2021. This is my biggest investment on the ASX.

I'm not versed in the fundamentals of LKE but afaik they are not comparable in their approach.
Not sure how relevant AGY would be as a barometer for LKE success.

AGY being a "hybrid" evaporation pond operator and LKE going for one of the many forms of "DLE" tecnologies that is yet to be proven at commercial scale.

But I guess maybe you are more referring to the market reaction to a company becoming a commercial operator.

 

[krugerrands]

Resource expansion and drilling approval received

 

[krugerrands]

Great interview with ASX Investor - 28 Jan 2022

 

[CHB]

Can't wait till we get the 12,000tpa permit.

Should kick off the OT and give the SP the rerate it deserves

 

[krugerrands]

Just ticking along on schedule and budget, how good is that.

 

[krugerrands]

Just ticking along on schedule and budget, how good is that.

View attachment 1982

Progress history.

Main phases	Sub items	12-May-2021	4-Jun-2021	1-Jul-2021	2-Aug-2021	1-Oct-2021	1-Nov-2021	1-Dec-2021	4-Jan-2022	1-Feb-2022	1-Mar-2022
Design						99%	99%	99%	100%	100%	100%
Construction						36%	44%	49%	55%	59%	63%
	Earthworks/land movement	n/a	72%	80%	85%	97%	99%	99%	99%	99%	99%
	Site works (site accommodation, laboratory, office)	n/a	31%	55%	55%	78%	86%	86%	86%	86%	87%
	Brine system (pumping station and plant settling pond works)	n/a	65%	72%	72%	67%	73%	73%	73%	76%	100%
	Process plant (plant equipment acquisition, plant warehouse works)	n/a	25%	14%	17%	19%	32%	40%	48%	52%	57%
	Utilities (vapour system, communication system, ancillary services)	n/a	13%	17%	26%	33%	33%	37%	45%	53%	58%
Commissioning						7%	9%	13%	13%	13%	13%
	Total	15%	24%	26%	33%	40%	45%	48%	53%	56%	61%

 

[Goat]

Where's all the AGY holders?

 

[Perhaps]

Regards from a lonely German shareholder. Pretty much under the radar here.

 

[Goat]

Where's all the AGY holders?

I'm here! Balls deep since 2017 and enjoying the show today.
Just watched a 5m buy order line wiped as we speak! getting juicy now

 

[krugerrands]

Almost there on the 2000tpa commercial operation.
Previous guidance was that the 10000tpa approvals and funding solution would follow soon after.

Should get another update soon.

 

[krugerrands]

How good is AGY holding up today!
Been invested/trading since 2018.

Is it finally time for the market to wake-up to this share?
Maybe it will really take off when in 2024/2025 other hopefuls

• start slipping on times
• don't deliver a high percentage of BG lithium from their production capacity.
• actual processing costs are higher than anticipated on input of
  • energy
  • water
  • direct extraction material durability

Then it will start dawning on investors that lithium processing is not digging a hole in the ground.....and there is only so many people in the world with experience and expertise.
As Burba mused.... "what works in the lab doesn't work at scale". He should know.

If I find the time I will post about the history of lithium extraction with Dr. John Burba, Du Pont/Dow Chemical, patents, Pablo Alurralde and how they commissioned FMC Fenix project at Hombre Muerto in ~1998.

Dr. John Burba ( god father of lithium ) refers to this project as "DLE" version 1 by the way ( sorption in this case ) and is really the only western commercial operation running any kind of "DLE" tech.
Pablo improved this process and filed a patent in ~2008 from what I remember.

By the by, Vulcan will also be using sorption , because it is proven at commercial scale.
Very happy that Vulcan has renamed the "DLE" plant to the sorption demo plant.
The initial extraction using sorption/ion exchange etc is only 1 step in the lithium processing flowsheet - people don't get this.
They think "DLE" is a technology...haha.
By the by, Vulcan is getting their sorption materials from none other than Du Pont last time I checked.... it's a small world.

And in this small world of limited people with practical experience and expertise we have Pablo in AGY.
And with people like Pablo and Jerko with a lot of skin in the game we can be sure they are aligned to shareholders in their motivations!

Wish I had more cash to by more AGY....

No debt.
2000tpa Commercial production phase on time and budged.
Will be "printing money" soon,

Next up
Resource expansion drilling.
10,000 tpa approvals/funding.
Tonopah wild card hanging in the wing ;-)

How good would it be to define a resource in US within the next few months?
From memory if we define a resource of 1Mt OR start commercial production we have to pay an additional $500k.
Which means 1Mt is a reasonable if optimistic number for the Tonopah claims - otherwise why have that in the agreement.

anywho, some ramblings from a happy holder.

 

[Goat]

ASX300 inclusion and some relentless buying going on my cookies! When is the $1 magical mushroom going to appear?

 

[krugerrands]

AGY is uniquely positioned as it is on track to become only the second lithium carbonate producer listed on the ASX after Allkem Limited (ASX: AKE).
Coverage on the Company highlights an implied valuation of $0.88/sh, alongside a price target of $1.32/sh. The last trade of AGY was $0.51/sh.

Evolution Capital Pty Ltd on LinkedIn: Evolution Capital is pleased to provide an update on Argosy Minerals…

Evolution Capital is pleased to provide an update on Argosy Minerals Limited (ASX: AGY) (Argosy or Company), a proven Lithium company with an impressive…

www.linkedin.com

What people forget is that Argosy has already produced 30T of battery grade lithium and sold 25T to North Asian customers.

How many near term producers can claim that?
Not buckets or teaspoons from third parties.

30 Tonnes, in-house.

 

[krugerrands]

Broker report from Canacord.

Since this is rated a speculative they make very conservative assumptions in the calculations.
They assume LCE at US$22,500/t, only marginal increase in resource size only $25m value assigned to the undefined Tonopah resource.

It is unlikely that none of the above will materialise to the upside.
Even still while low balling significant value items....price target of $0.85

 

[Goat]

What a salty day!