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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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.24M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $600 | 30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30345 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 206677 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30345 | 0.020 |
1 | 45169 | 0.019 |
3 | 311110 | 0.018 |
2 | 326530 | 0.017 |
2 | 1023407 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 206677 | 1 |
0.028 | 8111 | 1 |
0.030 | 5000 | 1 |
0.032 | 55913 | 1 |
0.036 | 237471 | 2 |
Last trade - 09.59am 22/07/2024 (20 minute delay) ? |
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