OTCQX:AGXXF - Post by User
Post by
danno15058on May 30, 2012 7:51am
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Post# 19959630
Sprung on AGT
Sprung on AGT He was on BNN last night, addressed the debt issue (big chunk being working capital). He averaged down recently, his avg cost being now $15-$16 p.s..
What I find interesting is that he believes we are in for more pain in the overall mkts in the next few months. If he believes that, and AGT trading in line with "risk on" assets, then I would expect this name to drop when and if these tougher times come along this summer. Why not wait?
I might add more if we get a rough summer. If it gets cheap enough, the risk becomes much reduced in terms of my capital at risk, assuming histhesis is correct.