Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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From: zoo york	6/25/2007 11:41:58 AM
	of 313075

I took the plunge and bought my first chunk of AGI.T today, after watching it for several months. The stock looks to have finally found a bottom, trading green today while just about everything else is getting whacked. On the fundamental side, AGI has issued guidance that they still expect to produce more than 100,000 ounces of gold in 2007, and the cost structure is very good at around $300 per ounce. Working capital has been growing year-over-year, and they will have no problem to service the debt from the debentures. So basically it looks like all systems are go, and we may have a firm bottom. I like the resource for the deposit, with over 2.2 million ounces of gold, and still growing as they continue exploration. This for a company with a market cap of only about half a billion dollars. Both Pamarejo and Western Silver were taken out for far more than that, with similar resource numbers. So AGI is either going to bounce nice as they continue growing production, or I think they are a sitting duck for a hostile takeover. cheers! COACH247

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