Growth Focus: Argosy Minerals Ltd (AGY)

by Patrick Taylor



Date of Data Capture: 11/06/2021

Name: ARGOSY MINERALS LIMITED (AGY)

Classification: Lithium Mining

Current Price: $0.11

Market Capitalisation: $131 M

Forecast EBITDA Growth: N/A (First Production 2022)

Yield Estimate: 0%

Consensus Price Target: N/A (Uncovered)

# Covering Analysts: 0

Premium/Discount at Current Price: N/A

Price Target Trend (3-Month): N/A

Signal Timeframe: Quarterly-Weekly-Daily

Trend Bias: Up-Down / Long-Medium

Indicators:
Short-term: Positive
Medium-term: Positive-Neutral
Long-term: Positive

Recommendation: Buy

Focus: Capital Growth

Set up Notes:

·    Early-stage and unloved, this lithium brine mine developer is set for first production next year and should rerate higher, with a potential new long-term uptrend emerging here on strength.

·    The first phase of 2,000tpa should be reached by next June, and then be scaled up to 10,000tpa on approval, capex is low and costings are very favourable with 61% EBITDA margins forecast.

·    No chart is perfect, but this comes close - here price sits above major support at 10c, with fresh buy signals across multiple timeframes in a huge cup’n’handle setup, with good momentum.

Support ($): 0.10, 0.09, 0.08, 0.07, 0.06 & 0.05.
Resistance ($): 0.15, 0.20, 0.25, 0.30, 0.40 & clear.  

Disclaimer

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