RE:RE:RE:RE:RE:RE:RE:They are broke again..Thanks also to Tk7 for your posts. Yes, follow the money is also a good indication. Why would Mr. Cohen invest in AGG if he does not see potential benefits? He invested initially in March this year (25.27M shares) and again in September (10M shares). Well, unless Mr. Cohen does not like his money, why did he only start investing in AGG just this year? Is it probable that Mr. Cohen also sees the risk/reward benefits with the odds tilting towards the reward?
This is what he said in the recent PP: "Georges Cohen, AGG director and lead investor in this round of financing, noted: "I have been a director and major shareholder of AGG for only a short period of time and can legitimately express my approval with AGG's recent accomplishments. At a time when a number of AGG's peer group companies have been placed on 'care and maintenance,' AGG continues its drive to production in a systematic and focused manner. Through accomplishments such as the recent granting of the mining license, the Kobada project is, in my view, significantly de-risked from an operational and investment perspective, and AGG's ability to advance the project at this time speaks to Kobada's robustness, both in terms of the low capex, and simple mining and gold recovery process, which contribute directly to Kobada's impressive projected IRR (internal rate of return). As an experienced investor, who assesses business value regularly, it is my view that the Kobada gold project is exactly right for the times."
"Mr. Cohen now holds 35.27 million common shares and 22,635,000 warrants of the company, which represent 14.08 per cent of the company's currently outstanding common shares and 21.20 per cent of the company's common shares on a partially diluted basis, assuming full exercise of the warrants."