RE: Why anyone bothers to hold AGG... Hey T2
You were positive 6 months ago and accumulating and know you're crapping on the deal and divesting. You've been very forthright that you dislike and have no confidence in management. You've clearly stated your viewpoint so sell your shares and move on instead of carping incessantly about the lack of website updates and perceived management misdeeds. You've made your point.
Call me stupid if you chose to but I've been in this from the start. I"ve made a lot money on AGG in the last 2+ years which is when the Kobada story really started. The 5 year chart means muck all. Why don't you take a look at the 2 year chart. There has been at least 6 or 7 nice swings. I traded a position on several of those swings while still maintaining a core position. I'll do the same thing again but always maintain a core. We've moved lightyears from where we were 2 years ago on the fundamentals.
Management has the confidence of Sprott, Pinetree and several other funds. Sprott and Pinetree have participated in every financing AGG have ever undertaken. That doesn't mean these guys are infallible but they are a lot more savvy than your average retail investor and I take some comfort from that.
You talk about AGG trading at a discount to their PEA??? Like AGG is the only one?? What about KGN, VTR and many, many others. How about ATC falling from over $10 down to almost $2. There are too many others too numerous to mention. I guess all of them have management as mucked up as AGG. Reality check. Nothing is peaches in cream in this market.
AGG management is far from perfect and I agree. With that said, they are far from being as inept as you make them out to be. There is lot's going on behind the scenes. Based on what I know I personally don't think will see any more dilution until we get past feasibility at the earliest. There are lots of moving parts with AGG to leverage. In the immediate short term we still have over $5MM in the kitty. That alone will get us through feasibility.
Were both starting to sound like broken records repeating ourselves over and over but given I'm long and have a substantial position I will always try balance what I perceive to be over the top negativity that is based on what I perceive to be relatively minor issues in the overall scheme of things. Let's let the drills do the talking and we will have lot's of drill results to discuss once market conditions improve and the labs analyze and release them. These guys will promote when the time is right.