I hear where you're coming from and we are all pretty frustrated with the way this has gone, but on the other hand, if you look at the list of major shareholders on the AGTA site there are some institutions invested here including Henderson - if the management are so terrible why haven't the institions jumped up and down and demanded changes (or perhaps they have ???) AGTA management have a decent record for working up their assets and then selling a company on. If that's the plan then let us know. That's what the guys at Fastnet oil and Gas are doing- they may not have any oil but at least they talk to their shareholders (lol) So how does AGTA play out in the long term ? If they start making profits then either we start getting dividends (hurrah !) or they sell out to a bigger outfit and we should all make a quid or two, which is far more the Edmonds/Grove style (horrah again !). If they don't start making profits (and will they be able to raise more capital if they are making such a pigs ear it things ?) then eventually they will be forced to sell out and with NAV so much more than MC there is still the prospect of profit for shareholders (depending on how much you paid for your shares in the first place). All of which takes us back to the original question.....just how much damage could you do buying at this price ?
RE: so very true offmessage......
It's not for me, have lost enough money on it already and my trust in the company is greatly diminished. I can't see it multi-bagging anytime in the near future, maybe 3-5 years if all goes well and the board don't spend all the cash on living the high life or syphon it off into other companies they have interests in. I'll watch with interest but won't be buying at this price.
so very true offmessage......
.....so do you take a punt at these prices, potentially still with a chance of multibagging.....
17 Apr '14
RE: Be greedy.......
He did say that, but I think he was referring to well managed companies run by honest men.
17 Apr '14
when others are fearful, isn't that what yer man Buffet once said ? The lower this gets the greedier I feel.
17 Apr '14
Email from AGTA
Dear Mr *******, Many thanks for your email and interest in Agriterra. I understand your frustration with the current share price but please be assured that the Board is very cognisant of the need for news flow and will release an update to the market as soon as appropriate. If you have any other queries in the meantime, please do not hesitate to contact me. Best, Susie
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