Post by
goldsoldat on Feb 11, 2022 6:29am
AGD Debt
I am an AGD shareholder. I have been investing in junior au miners and explorers for more than 30 years. Not recommended is what I just did, which is buy AGD and then do my due diligence :-(. I have visited Sedar and am totally confused (compared to being previously uninformed - I do not know which is worse). There appears to be huge corporate debt which is not being enforced. The mine seems to be operating well. Subtracting the 90% ownership, leaves approx. 100,000,000 actively trading shares, of which I am a very small part. I cannot identify what events might occur to cause the share price to go up (or down). An increase in au price without paying a dividend would be no help. Before someone says I have no business being here and should sell (which is probably true), this has become entertainment for me. Can someone please shed some light on this stock? Thanks in advance. Goldsoldat
Comment by
bing32 on Feb 15, 2022 8:47pm
ive been wondering how they would pay their debt and 4000 ounce production they r suppose to be making 3 m profit a month now, but what are the gold reserve?