Ann: Corporate Presentation - Strategy Update, page-8

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Mickeymouse

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08/07/21

09:17

Post #: 54360054
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Originally posted by ramstan: ↑

When I bought into AGD August 2020 and was looking for a silver miner/producer on the ASX. I narrowed it down to AGD and KCN.

KCN - has mines in Thailand and Chile, had a higher market cap, neg EPS, and way more debt, and risk issues with Thai Government. So I went with AGD. My thinking at the time was (posted Aug 2020):

Pros
Silver is on a bull run
Gold is on a bull run
It is a smaller miner with a lowish PE (12.1) and market cap ($127m) so room to grow.
The Chairman has a huge stake in it.
Is a producer and makes a profit and paid a recent special dividend of 0.009c
SP chart shows a breakout.
Debt levels are low
Buyer to sellers is 4:1 on Commsec

Cons
Added risk with mines in South America - strikes, political stuff etc.
As a small cap it is illiquid, so a few extra buyers can push share price up and it maybe be hard to sell in a hurry.

11 months later KCN still has neg EPS, no dividend but the SP has moved from 0.61c to 0.87C (up 40%)

Meanwhile my initial purchase in AGD has dropped from 0.225c to 0.135c (down 0.40%), yet asset base has been significantly increased, management team strengthened, continues to make a profit, has low debt levels, and a further dividend of 0.008c paid.

AGD needs to get the message out into the market a lot better. Based on this analysis I have changed my sentiment to a buy.

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were you ever concenren about mine life and jorc resources left

AGD Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 5.9¢		Change 0.000(0.00%)		Mkt cap ! $36.12M

Open	High	Low	Value	Volume
6.0¢	6.0¢	5.9¢	$3.239K	54.86K

Buyers (Bids)

No.	Vol.	Price($)
1	4286	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	95744	3

View Market Depth

No.	Vol.	Price($)
1	4288	0.059
2	67561	0.057
2	208950	0.056
1	100	0.054
2	20066	0.053

Price($)	Vol.	No.
0.060	95744	3
0.061	45000	1
0.065	10749	2
0.066	5500	1
0.069	30065	1

Last trade - 15.31pm 22/07/2025 (20 minute delay)

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