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Does MM like Argosy Minerals (AGY)?

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked 07/07/2023

Does MM like Argosy Minerals (AGY)?

Hi James and M&M, what is your thoughts on AGY? On the M&M website – ‘broker consensus recommendation’ it is a strong buy, will AGY dip at any stage, and can you see an entry point price? Thanks, Keep up the good work.

Answer

Hi Troy,

Argosy (AGY) is a new stock for the MM report, for subscribers who aren’t familiar with the company its a $570mn mineral explorer which focuses on lithium, copper, gold and graphite i.e. all of the new ESG hot list. Like most of the lithium sector its experienced a very volatile ride over the last few years. Due to our lack of previous focus on AGY our outlook is purely technical, or risk/reward based:

We like AGY around 40c but would be concerned if it drops under 35c.

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Argosy Minerals Ltd (AGY)

LAST UPDATED 07/07/2023 12:03

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