RE:RE:RE:One of These DaysTrekie7 wrote: gold_diggers1 wrote: Frozengoldwaiti wrote: One of these days the cartel holding this company is going to let it go Boom.
Market Cap will rocket to the proper level of a near term producer.
Looking at the progression of the property as well as management they appear to be very well positioned to take advantage of the current GP to kick start the road to production.
And the value of the project
I am waiting patiently.
BUT what is keeping a lid on this AGG while all others have moved up significantly in this over $2K/oz gold price??
.
No institutional investors interested in AGG? The deposit does not have enough oz for institutional investors? i.e. the fish is too small for them? Management? There must be something...
.
GLTA
GD, my understanding is 1MM OZ reserve is the line that draws interest from the institutions. We're not far from there. This next round of drilling, to me, is what will be required to get the big boys interested and very involved. I suspect it won't take too much to add resources via conversion and perhaps new discoveries once the assays are completed. I believe most of the rainy season is July-August. Hoping they can startup their next drilling program in early-mid September, although that date may be very optimistic.
T7, the thing is that, with gold price moving up, AGG did not move up like all other juniors... but when gold price heading down like today, AGG moves down?! Not a good sign though.
.
There are other exploration juniors (not even having DFS or any ounces in the ground) that have moved up. There must be something about AGG that no institutional investors (I cannot find any) or some majors have taken a position in AGG?? Management? Jurisdiction? Execution? Marketing? Track record? Low grades? Small deposit?
.
It is puzzling. The market seems to price AGG with $50/oz in the ground. That's it.
.
GLTA