AGD austral gold limited

HiNeyepudete 22-Vitamin D - and nsw004Nice to see some posters...

  1. 952 Posts.
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    Hi
    Neyepudete 22-Vitamin D - and nsw004
    Nice to see some posters on here I am usually on my own.

    I hold AGLD on the TSXV and have been in AGLD for many years. The stock has always been controlled by the Main Shareholder and as such has always underperformed . I got into AGD when they bought ATX on the TSXV which had a fantastic property Silver project in Argentina. AGD have done some work on this project but to my way of thinking not enough .It has great prospects with its silver vein type setup and could be a world beater in its own right.

    With Gold looking like capitulating towards the low US 1100s and Silver below US $15 over the later part of 2018 I see the problem with AGD being one of its costs to produce . The June quarter release shows some improvement in production but that has been promised for years now if you look at the old announcements. In the June report the killer for AGD and they seem to really struggle with getting on top of the C1 (Cash Costs) and AISC (all in sustaining costs) .The over all operations for AISC is US$1221 but Casposo has very high AISC at US$ 1742 for the June Quarter from US$ 1903 for the previous one.

    If Gold breaks down to 1120 then there will be little profit to be made even if production increases. Also it states in the Report they are having problems at Casposo and production there for the June Quarter was below expectations.

    I would like them to get moving in Argentina on the silver mine as I think its going to be very slow headway with the current mines they are working.

    GLTA

    moureeses
 
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Last
6.8¢
Change
-0.002(2.86%)
Mkt cap ! $41.63M
Open High Low Value Volume
7.0¢ 7.0¢ 6.8¢ $3.434K 50.14K

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No. Vol. Price($)
1 12031 6.8¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 13883 1
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Last trade - 15.55pm 16/06/2025 (20 minute delay) ?
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