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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Comment by jdn55on Sep 05, 2014 2:19pm
160 Views
Post# 22910695

RE:RE:RE:RE:RE:FWIW

RE:RE:RE:RE:RE:FWIWRuben, I noticed you have 25 ignores already in less than a year. Not bad! I'm going to humour you. As stated by Chris, most of this selling is one institution that had several million shares to unload. It has artificially depressed the price of AGG because it's relatively illiquid. Generally poor market conditions for the resource sector hurt all juniors as well. Re: management, their not perfect and I won't give them an "A" grade but let's get some perspective here. Keep in mind they have proved up a 2.8MM oz resource and will complete a full feasibility study and recruited an operational team in the poorest market conditions for the junior gold market that I've witnessed in 35 years of investing. They're doing something right. I'd give them a B - because they haven't done well in terms of financing in the last couple of years and an investor communications strategy. With all that said, most of us who know and believe in Kobada are taking advantage of this selling and buying down here. If gold does go down to $1000 (IMO that's unlikely but not impossible) and Kobada's feasibility study is as good as many core shareholders believe, AGG will be one of the very few juniors out there that will still be very profitable at $1000 gold. Scarcity of economic gold deposits at $1000 POG will make Kobada even more valuable. Anyhow I'll be happy to but your shares at 7 or 8 cents which is 50% higher than that 5 cent mark you forsee. Just keep in mind though that AGG is entering into the most pivotal time in it's history between now and the end of the year. Everything I know and hear says that the FS is going to be good. Smart investors who do proper DD are buying down here, not selling. GLTA
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