RE:This company exists..Haven't bothered posting in eons but I just can't help myself from rebutting when the village idiot posts.
Hey Treetroll, see you changed your handle to Treetop2. Guess you couldn't stand being ignored by so many. Same old Treetroll though spouting gibberish and never substantiating anything he posts. Yup, the recent financings were just to pay Bharti et al and the two new hires look like they're total bums. As ususal every time Treetroll posts something he proves he's an idiot.
From my perspective looks like AGG has a pulse again. Don't like this recent dilution at all but they now have almost $6MM in the kitty (Treetroll of course has been predicting AGG's iminent demise for what, the last 7 or 8 years now) and will double + the current reserve to 1MM oz plus which will double NPV at $1400 - $1500 POG. That will fundamentally change the economic dynamics of Kobada and AGG so if that $6MM doubles the reserve and then some the dilution is propbably well worth it.
Treetroll is entitled to his opinions but IMO Bharti and gang very definitely have a plan and were just waiting for the right time to start executiing. Recent POG movement, all the recent press releases and recent hiring tells me the right time has come. Further to this, if POG stays north of $1400 I think AGG is settiing up for a nice run (has already tripled + from the low) for the first time since 2016 and prior to that, the huge run in 2010 - 2011 (5 cents to $1). Anyone who bought below 25 cents (3+ cents pre consolidation) is going to do well. I also wouldn't rule out Forbes and Manhattan merging their privately held operating gold mine (former Newcrest mine) in Ivory Coast into AGG at the appropriate time. Rumour has it that mine spins off enough free cash flow to fund Kobada through to production even at $1200 POG. Time will tell.