Ann: Escalating Phosphate Price Enhances Project Economics, page-4

Just a warning for all consideraing AGR, I started investing in AGR in December last year after talking to WG. I sold out a few weeks ago and thankfully got out even, didnt make a profit or loss but at one stage was up $30,000. I got out mainly because originally told all costs in the future would be covered from gold recoveries, since then a large number of cap raises have happened but these raises seem to be eratic and a sign of desperation. He blamed shareholders for the failure of the SPP which is totally BS, it was caused by the two tranche raise facility for $3 million he signed off on, around early April I think it was. The second tranche of that facility is still outstanding but there is a complicated formula on what the 2nd tranche raise price will be at and it is these people who have been crashing the share price by selling down the first tranche. I would have to say that in the lasf 6 months I have never known a CEO to swing so much BS, literally told something one day and the very next day, not true. I also have concerns gold recoveries have been no where near 20g per ton, possibly much lower. I just got to the stage I couldn't trust anything that I was being told. WG has only himself to blame, you can't swing BS and then expect shareholders to remain loyal.