Date of Data Capture: 11/06/2021
Name: ARGOSY MINERALS LIMITED (AGY)
Classification: Lithium Mining
Current Price: $0.11
Market Capitalisation: $131 M
Forecast EBITDA Growth: N/A (First Production 2022)
Yield Estimate: 0%
Consensus Price Target: N/A (Uncovered)
# Covering Analysts: 0
Premium/Discount at Current Price: N/A
Price Target Trend (3-Month): N/A
Signal Timeframe: Quarterly-Weekly-Daily
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
· Early-stage and unloved, this lithium brine mine developer is set for first production next year and should rerate higher, with a potential new long-term uptrend emerging here on strength.
· The first phase of 2,000tpa should be reached by next June, and then be scaled up to 10,000tpa on approval, capex is low and costings are very favourable with 61% EBITDA margins forecast.
· No chart is perfect, but this comes close - here price sits above major support at 10c, with fresh buy signals across multiple timeframes in a huge cup’n’handle setup, with good momentum.
Support ($): 0.10, 0.09, 0.08, 0.07, 0.06 & 0.05.
Resistance ($): 0.15, 0.20, 0.25, 0.30, 0.40 & clear.