GREY:AGMIF - Post by User
Post by
Troyahorseon Jul 01, 2015 1:48am
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Post# 23883705
Fact
FactWe are just trading close to the 52 week low and definetely into the 2 year, 3 year, 4 year and 5 year low, low, low.
So when will this stock trade at $2.00 again? I personally think never, but hey ask management to see if they give you a reasonable answer as the only think they seem to be interested is to issue options and travel to do presentations that bring no new investors.
The project seem to be reasonable, but like any mineral extraction project they can run into a lot of problems with purchasing, installing and running the equipment to extract the gold and other minerals.
I do not want to be negative, I just can not be positive when management does not support the stock.
For those one that are not aware just go see and example with Panterra Gold in the Dominican Republic PGI in the Australian Stock Exchange. All look positive, but quickly run into trouble and SP has deteriorated, diluted and put to the test. AGM could face the same future.
I am heavily invested in AGM and will like to see real news and management support, I think I could easily run down this stock down to.12 if I decided to unload my position right now and considering the average daily trading volume, but I will wait a little longer to see how committed management is.
tks and glta