RE:RE:RE:what's happening today?What happened was that Canaccord Genuity updated its AGG research report late last week, based on AGG's revised Resource, and they reiterated their speculative target price for AGG of 60 cents a share plus a minimum of another 14 cents per share (ie minimum of 74 cents per share) should the DFS coming out in the next few weeks disclose a million ounce Reserve and resized mining operation of 100,000 ounces per year over a 10 year period (my bet is it will).
Canaccord makes the explicit point that AGG is cheap versus its peers : even on the basis of the 2020 DFS (ie non-updated) identified reserves and resources, AGG is currently trading on an EV/Reserve of ~US$23/oz (compared to a global group of ~100 peers trading at an average of ~US$90/oz) and an EV/Total Resource of ~US$6/ oz (compared to the peer group trading at an average of ~US$60/oz).
Do not listen to a single thing Phil the Pill is spouting - he is an apologist for the "friendly predator" Robex and for his own pocketbook, all misrepresented on this site as friendly information sharing and debate.
By my estimation and reading the "tea leafs" from Callow's recent interviews, there are now multiple parties at the AGG table talking strategic transaction and Robex, I surmise, is bottom of the list.