Agriterra Ld Share Discussion Threads

[christianf12] 08/4/2013 16:31

2p test coming here.

[maytrees] 08/4/2013 16:29

Added a few AGTA at 2.39p - cheap imho but dyor

[king suarez] 08/4/2013 15:50

GERRI-C - We've pretty much tested 2.5p today (2.51) - let's hope it holds!

Jimmy - Yep, GDP is one of my larger holdings, quite comfortable with that one personally.

Count - Would LOVE to see silver at $100/oz. I hold AGQ, which I bought at 27p, held it to 50p+ and still hold it (now 10.5p) - I am an idiot! Would love to get my money back on that one.. BMZ will do well with high silver also, they are due to start smallish scale production with high grades and exploration potential upside, quite low market cap. Silver appears highly manipulated price wise?

If you like gold miners AAZ I would highly recommend. V profitable, debt raised for an agitation leeching plant to improve recoveries, low cost producer trading at about a p/e of 3. Good governmental support.

[gerri-c] 08/4/2013 15:38

King Suarez,

I am not denying a low of c2p but it has the benefit of being 17 or so months ago. The c2.5p was last week and would undoubted see a retest at some point. Of course, as in most situations, we have to wait and see.

[the count of monte_cristo] 08/4/2013 15:36

King - well been in the markets properly since 2005, so not a long time although I have gained my fair share of experience in that time! However what I have done to bolster my lack of exprience is read extensively...currently reading about the history of the Comstock Lode 1850-1920, in order to build on my silver stock knowledge. I believe that we will see 100 US$ an oz plus POS within the next few years and that silver will outperform gold.

The upturn in the resource stocks during 2008/09 was extremely exciting, some shares went up in the 100s of %, BEM 2p to 70p, MARL 2p to 60p. Not sure whether this will happen again but this mass sell off in the AIM resource stocks is indeed similar, in a way, to what happened in 2008/09.

Much depends on Chinas growth and appetite for commodities. The fact remains that AIM suffers from a short term view of the market, whereas those 400 million Chinese moving into the cities over the next few decades will need all the resourcs to house, feed and take them to work.

As Ohit says if one has the fortitude to buy and wait then one will probably do well out of buying these bombed out commodity stocks.

In regards KGLD I have looked at this but will not invest.

[jimmy12345] 08/4/2013 15:27

King im also in GDP, another good undervalued stock. It has no debt, its making 5mill+ a year and its paying a 7% divi. And the mcap only 16 mill. Totaly crazy. It also has stock bought of abput 7 years worth so profit all the way. Like here its just silly the now.

[king suarez] 08/4/2013 14:58

Wow filtered me for an honest opinion in a share you are trying to ramp?!

Make of that what you will everyone!..

[king suarez] 08/4/2013 14:55

KGLD - I looked at when it was 7p and thought "this looks remarkably cheap" as it was trading at roughly cash value.

I also saw there was potentially millions of ounces of gold they were targetting. Lovely I thought, looks like it could be a right multi-bagger. Then I started looking at how long they have been trying to get licences and the red tape they are going through and the progress (or lack of) and thought - ah there is the catch. Alot of money has been given out to get these exploration areas, but they don't have a right to mine still..

It could well become worth a lot IF they get licences, but timescales on that are unknown and cash position by the time they get to that point also unknown. Then you have to factor in raising finance for production (let alone BFS) in these depressed AIM markets and the timescales/risks are just too far off for me personally.

GL with it though! I understand you are more a short-term trader from reading your posts on other boards, so I figure you are trying to draw peoples attention to the share so you can make a quick buck if it rises back to cash value? No harm I guess..

KS

[christianf12] 08/4/2013 14:50

King, filtered

KGLD have said the licences are close. Maybe do some research by first taking a look at stocktube interview on thread.

[christianf12] 08/4/2013 14:48

lol, you not spoken with KGLD then : ))

[king suarez] 08/4/2013 14:47

KGLD - avoid imo.

Cash being spent on exploration acerages and licences that the company has been trying to get hold of - not forthcoming!

That is the reason it is trading below cash value, the cash is arguably being squandered until/unless they get a licence to mine.

[christianf12] 08/4/2013 14:45

King, when resource stocks bounce, they will bounce big imo like 2008/9.

Most will be up 50-100% before you find yourself looking at them, if you are not in of course.

I reckon we are very near to a AIM resource bull market starting.

[oiht] 08/4/2013 14:44

Forget charts with these minnows, just load up and wait a few years. IMG and DGO taught me that.

[king suarez] 08/4/2013 14:43

GERRI-C,

There appears a low of c2p on the 3 year char around Nov/Dec 11.

Today has seen a new 52k low :(

Count - I concur with your thoughts re precious metals, hence my investments. What I do not understand though, is the level, if any, of manipulation in the price of paper vs physical metals that seems to determine price movements where logic should dictate otherwise.

AFR I think look good - a cash cow with a good track record. GKP - tons of oil, worth tons when extracted, but I know nothing of the political situation, so I am not invested. GENL - not researched.

Have you been around in AIM for long? I would love to hear from others who have survived similar downturns in this market, and what to look for in terms of signs of life returning! Is this just a very unusual 'once in a generation' type of market or just a typical bear market for juniors, that will reverse in a couple of years?

[christianf12] 08/4/2013 14:30

TCOMC

You might like KGLD then.

Cash = 6.25p

no debt

JORC resource of 225k ounces gold

sp to buy 3.75p

MASSIVE DISCOUNT TO CASH SO THAT GOLD IS BEING VALUED AT MINUS £3M CURRENTLY

[the count of monte_cristo] 08/4/2013 14:27

interesting King.

I am still of the view that the precious metals will surge sometime this decade, with all the money printing and debts of the western world at some point people will start moving into precious metals, as Cyprus has shown your money is not even safe in a bank because people, and I dont mean bank robbers, I mean the government can just come in and steal your money...and the best part of it is its not a crime and nobody goes to jail:)

I prefer cashed up resource stocks with a good spread of assets and some diverisfaction in there geographical portfolio. Such stocks as;

STI & AFF

I also like the Kurdustan oil stocks, GKP, GENL & AFR.

Me thinks now is the time to buy and keep buying AIM not to sell. Every month I intend to add here, investment my hard earned wages for hopefully some good future gains.

[gerri-c] 08/4/2013 14:19

Which chart is 2.00p? I guess it's all a matter of how you read the chart. My chart is giving me a possible retest of 2.5p with some support at 2.43p.

[jimmy12345] 08/4/2013 13:52

R.i.p margaret thatcher

[the count of monte_cristo] 08/4/2013 13:37

epi - personally I think its just the current market situation, this has the making of a great stock in a few years time, they have cash to build the assets are in potentially the right area of business to be in (agriculture) are focused on Africa and for that matter Mozambique which is set to become one of the fastest growing economoies on the planet, plus they are diversified across different commodities and different countries lessening the risk. I have no worries about this one, only that I dont own enough shares.

I seriously believe this will be paying a nice dividend come 2016 and that the share price will be significatly higher than where it is now, so 3 years as an investment horizon is not a great deal of time. I will still be in my late 30s by then.

[eipgam] 08/4/2013 13:12

I'm a big boy so can take the disappointment... but what happened to the shareholder value that we were promised when the company announced they were to sell South Omo. Downhill ever since.

Was it a bad decision or is it just shareholder apathy towards the new focus?