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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Amark$p who wrote (98680)	11/12/2007 5:08:56 PM
From: zoo york	Read Replies (1) \| Respond to of 312297

Hi Amarksp! If AGI management consistantly makes projects and issues guidance that they are unable to meet, that constitutes dropping the ball as far as I am concerned. I was willing to put up with it last quarter, and I understand that a learning curve is part of the explanation with any new producer. I have decided to put up with it again this time too, and have bought enough shares to more than double my core position. However, three strikes and I am out. If they do not get that mine operating up to a level where it is profitable and production is stable, by year end end, then I will be gone and not look back. I think that is a reasonable tolerance for an investor. I think its important to call a spade a spade. The guidance for Q2 implied that they have instituted corrective measures to increase production. Instead we learned that production is down, costs are up, and the amount of ore run through the circuit is also down. This is not the kind of performance that we should be thrilled with. I think I have been quite clear that I am optimistic as an investor and I am bullish on AGI in particular. But I was in a similar state after the Q2 numbers. Now I am in wait-and-see mode. cheers! COACH247