RE:Re; goldman777I totally agree as well - there are a few slices of the pie that are a little too fat ie: taxes and wholesaler fees - leaving LP`s margins far too tight. Three years in and a revamping of legilation is coming to squeeze out the legacy producers who don`t have the additional 50% over head.
Agra at a lousy nickle is far below enterprise value, I`ve been buying, sure I should have jumped on at 3.5 cents but even at a nickle - well, what a give away.
Overdue for an NR also, I see this issue easily settling in at support around 15 cents.
RISK = REWARD, and the reward here is compelling.