AGY 1.67% 3.0¢ argosy minerals limited

General Comments & Banter, page-12662

  1. 302 Posts.
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    Hey Stevo,

    You need your wife on board mate. Assuming you don't need cash in the short to medium term, explain to your beloved that we (meaning investors, not wing-nut traders) are waiting for the lithium cycle to turn up again.

    My wife is absolutely fine with waiting it out. She understands AGY is a great stock that is mainly de-risked - sovereign risk (real in Argentina but why would a new government want to kill a golden goose?) and tsunamis (joke, OK?) are our only concerns - but that as investors we need to be (very) patient and that the length of each cycle is not measured in weeks or months but is something like 3-5 years long.

    We sold a small chunk at 25c earlier this year to lock in profits from initially buying in at 7c in 2017. We're still in the green (just) but we're waiting for an sp of 40-60c before we even think about selling the lion's share of our investment. This sp target might sound unrealistic but when lithium lifts off I honestly believe there'll be no stopping AGY.

    GLTA IMO
 
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3.0¢
Change
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3.1¢ 3.1¢ 3.0¢ $53.09K 1.763M

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No. Vol. Price($)
19 1485417 2.9¢
 

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Price($) Vol. No.
3.0¢ 308449 4
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