The Argosy Minerals Limited (ASX: AGY) share price has certainly put last week's jitters behind it.
The mineral exploration company's shares finished the day 14% higher at an all-time high of 24 cents on Monday.
Why are its shares higher?
Last week the prospective lithium miner's shares were crushed after the company was forced to extend the due diligence period of its investment and off-take agreement with Qingdao Qianyun.
While the extension was granted due to delays in the receipt of certain documents by Qianyun's lawyers, it seems some investors saw the due diligence extension as a sign that things were not going to plan.
As a result, its shares plunged as much as 12% to 19 cents.
But judging by its share price gain today, it seems that investors have now looked beyond this extension and are once again confident that the $16.9 million placement and $9.5 million upfront prepayment for battery grade lithium carbonate will go ahead as planned.
