RE:The is very good. How come stock is so low.
ernmes, here is my own opinion (which has never been popular with the true believers in AGG):
1. As I predicted a few weeks ago, the apparent gain in resources is more due to "massaging the numbers" than to actually finding more gold. In fact, the exploration results, after many rounds of drilling, are very marginal to those who understand gold exploration. The chances of finding a rich deposit become ever lower as they continue drilling without finding something big and/or high grade.
2. AGG has no credibility among the big actors in the gold industry. It would probably take a complete change of management before they could start again to build credibility. But who would want to take over the company when the deposit is so marginal, and there are many richer deposits in West Africa that are moving forward while AGG fails to progress? If there is anybody seriously interested in taking over AGG, they are probably waiting patiently for the share price to go much lower.
Those foolish enough to hold AGG long term while waiting for a turnaround have been getting punished for it over and over and over with dilution and a falling share price. Now the share price has to double just to get back to where it was a year ago. As soon as the revised FS comes out, they will have to dilute again just to stay alive (and preserve those jobs for management).
Just my opinion (I've been right so far).