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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 Apr 27, 2020 10:06am
105 Views
Post# 30956980

RE:AGG Peer Group Comparisons

RE:AGG Peer Group ComparisonsInteresting analysis Spence. The only thing I take issue with is your comments on Bharti and F&M.

Yes Bharti may have raised $11MM CAD but he did it at < 3 cents a share pre-consolidation. That's been great for him and his cronies but it has been a dilution disaster for us longtime shareholders unless you were adding to your position at these low prices. Sorry but I'm not giving him a pat on the back for that.

I'll reconsider my opinion on him if he delivers on the updated resource calc and FS, the SP for AGG moves well north of a buck and he finds a way to get Kobada into production with minimal new dilution. Based on his reputation of gorging at the trough at the expense of existing shareholders though I'd say at best thats a 50-50 proposition.

He's got an asset in Kobada where it should be win-win for all but the jury is still out given Bharti's history of greed. 
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