A few months ago I mentioned on the PDY thread the benefits of merging AGU & PDY. Hard to justify having 2 boards doing one job and working from the same office. Add AGU's cash to PDY and own 100% of the project would be the way to go imo. Much easier to get broker support with only one owner of the project. I'm of the belief the only reason there hasn't been a merger is because of self interest. At least 8 people on a slow moving gravy train. Hopefully now that PDY has strengthened their board, it will be a sign that they are about to start operating in a professional manner at all times. No more hollow promises.
Having said that, now is probably a good time for those who believe in the future viability of the project to buy on any weakness. About the only longterm downside will be the state of the world financial position. No company will be immune to another large crash if it comes.
AGU Price at posting:
2.9¢ Sentiment: None Disclosure: Held
