AGRIMIN (AMN) Shares
Agrimin Limited is a Western Australian based minerals company with a portfolio which consists of a 100% ownership of the large-scale Mackay Sulphate of Potash (SOP) Project, also located in Western Australia.
The company’s strategic focus for this project is motivated by excellent market fundamentals which are supportive for the creation of a new large-scale SOP producer.
Growth in demand for fertilizers, including SOP, is forecast to be driven by the world’s need to feed growing populations from shrinking arable land, resulting in the need to improve agricultural yields.
Accordingly, the company expects that SOP deposits throughout Western Australia will become an important source to meet increasing world demand.
OVERVIEW OF AGRIMIN
Agrimin’s Mackay SOP Project spans 4 370 square kilometers and is situated on the world’s largest undeveloped SOP-bearing salt lake. The company’s first 20 years of planned operations are supported solely but SOP resources at the top 3 meters of the deposit.
In 2017, a geophysical survey indicated that the deposit could extend up to 200 meters deep. On 7 May 2018, the company reported the results of a positive Pre-Feasibility Study.
The company has carried out the project from an exploration phase to a substantial development project with significance to the local region and the State of Western Australia. As such, the company has signed a Native Title Agreement with the Kiwirrkurra people who have provided the necessary consents for the project’s development and operations.
The local Kiwirrkurra people have provided strong support to the company with regards to the range of opportunities that a long-term and large-scale project can create.
The Mackay SOP Project has the potential to provide substantial benefits, including support for a number of land projects that are being implemented under the Kiwirrkurra IPA Plan for Country which manages and protects the biodiversity and cultural resources within the vast Kiwirrkurra region.
The company also operates the Percival SOP Project, which is situated in Western Australia, approximately 450 kilometers south-east of Broome. Historic sampling of brine within the Percival Lakes application area has returned the highest known grade sampled from an Australian salt lake to date.
VISION & VALUES OF AGRIMIN
- Agrimin works closely with the local communities in the areas in which it operates, it strives to maintain open and honest relationships with all of its stakeholders while pursuing activities that are largely in the interests of the local communities.
- To this end, the company gains approvals from these communities while maintaining ongoing discourse to resolve any issues which may arise, and ensuring the benefits of its economic activities become accessible to all those whom its operations impact, particularly through economic upliftment and sustainable best practices with regards to the environment.
MARKET PERFORMANCE OF AGRIMIN
Agrimin Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –AMN.
Data from the company’s 2019 financial analysis shows the company to be operating with a market capitalization of $ 111.7 million and zero debt. The company also has operating cash of $ 5.7 million.
This strong financial performance places the company in an excellent position to continue the expansion of its highly prospective projects.
The project area’s history of highly lucrative resources with excellent market demand sets the company in good stead to gather returns going forward, providing a rising share price for investors with good long-term growth in dividends, and securing a solid buy-in for those who choose to purchase shares today.
Buy AGRIMIN stocks / shares – ? A Step by Step Guide how to Buy / Purchase AGRIMIN Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy AGRIMIN Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN AGRIMIN STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE AGRIMIN STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of AGRIMIN stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy AGRIMIN stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?