AGR 0.00% 2.1¢ aguia resources limited

Ann: Quarterly Activities Report, page-2

  1. 134 Posts.
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    So company remains screwed until hopeless and corrupt Brazilian court system does anything of worth. Always laugh when third world countries shoot themselves in the foot with these levels of idiocy. "Bureaucracy is the death of any achievement" - Albert Einstein

    $438k cash balance and $130k month burn. They'll be out of cash in 3.3 months (October) if court isn't resolved by then (it won't) this company is toast.

    I mark my sentiment as sell as if you can get out of this you probably should... no hope until court resolved. 3 years of holding this stock for nothing.
 
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