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Evolve Canadian Aggregate Bond Enhanced Yld Fd ETF V.AGG


Primary Symbol: T.AGG



TSX:AGG - Post by User

Post by Wolfofnoobston Oct 13, 2021 8:33pm
194 Views
Post# 34003475

New corp presentation, which the webinar was formed around.

New corp presentation, which the webinar was formed around. Quoted from their new presentation, at https://www.africangoldgroup.com/_resources/presentations/AGG_Investor_Presentation_October_2021.pdf: AGG's share price has remained stubbornly low over this calendar year, and we believe there remains further upside to the currently delineated reserves and resources. We remind investors that even on the basis of currently delineated reserves and resources, the company is currently trading on an EV/Reserve of ~US$12/oz (compared to a global group of ~100 peers trading at an average of ~US$80/oz) and an EV/Total Resource of ~US$5/oz (compared to the peer group average of ~US$37/oz). We believe the stock is significantly mis-priced, particularly in light of the excellent momentum the project has seen in the past 12 months, spearheaded by well-regarded CEO, Danny Callow. Sam Catalano, Analyst, Canaccord Genuity Ltd (UK) September 29, 2021
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