RE:RE:RE:RE:RE:RE:AGG facts and valuations if they deliver - big time upside
BP, For flock's sake, I just apologized to Treetop. I'm a big enough person to admit to my mistakes. The fact of the matter is though is this person appears out of nowhere and for the most part has done nothing but slag management in a borderline libelous fashion for perceived promotional excess and he hasn't ever offered up a fact based argument to counter the so called coarse gold effect postulation and completely chooses to ignore statistical data that supports the coarse gold effect since the release of the PEA and second 43-101. This tells me that person is ignoring the data or hasn't done proper DD or has an agenda. Furthermore, this person, by their own admission, is not even a shareholder and he/she is altruistically giving "buyer beware", unsubstantiated warnings to other board members????? By this persons own admission, he/she manipulated the truth by stating the deposit is low grade and small and makes no comment about how metallurgy plays into the Kobada story and the deposit is wide open for an increased resource as per their posts from last week. I checked this persons posting history and he/she doesn't seem like a basher but I do wonder. Treetop wants objectivity on the AGG BB, a stock he/she doesn't even own, and hasn't offered one fact based, objective post yet??? C'mon.
I strongly re-iterate I have no problem in someone taking a opposing view to mine and I encourage it but do it based on fact and the full truth, not half truths. Goldencrane has once again made some excellent posts today. Treetop why don't you challenge those fact based posts and be a little more engenius than just challenging goldencrane's integrety because this person had the temerity to show a best case economic scenario for Kobada along with what is a very good base case scenario. In other words, Goldencrane did a bit of a sensitivity analysis. You have every right to question his numbers but no right to question his integrety. Any PEA, PFS or FS does a sensitivity analysis.
BP, you do make a good point about potential dilution and have made that point for some time. That is a very valid risk and one that is very much worthy of discussion. My only comments to you on that matter is that based on what I know and hear, if the FS holds up, AGG will have no problem getting financed. The question is at what cost in terms of dilution. In my opinion only I believe dilution will be 25 - 40% from here. If AGG has what I believe they have I can live with that. I fully accept I could be wrong on this account.
Once again in my opinion only, the only way AGG will get taken out at 25 - 30 cents is if Pinetree sells them down the river. That is also a very real risk but I doubt that would happen unless they were so distressed they had no choice. The key shareholder block, including Pinetree, knows exactly what they have in Kobada. They won't sell a $1+ for 20 cents. Even if they were that irrational I need 19 cents to B/E and I think I'd get that at a minimum so buying AGG down here is a very acceptable risk for me.
One other thing BP. You keep yapping on about 10 years to get Kobada going. I would remind you once again that KGN/AKG has been at it almost as long. That's a fact. Another fact. If it wasn't for Obaton AKG would be waiting a lot longer to get into production as Essase is marginal in terms of economics at the current POG. You've been around long enough to know that mines don't get built overnight so please give it a break on that point.
GLTA