In 2011 & 2012 AGO had money pouring in no debt back then they expanded the price as we know has dropped over 50/ the money they borrowed to expand can't be repaid now yet they kept paying out Dividends as does FMG.
This can change quickly that's all nothing else would rather they control the float get cost under control have a plan that they can meet as we all know Peter hasn't hit a target yet he continues to enjoy an inflated salary on poor performance so I left.
When gold looks to be trending up happy to buy NUGT as it will move up quickly & my risk is reduced as its spread over all the major Gold producers with the ETF.
Just happy to be out of what should have been a well run profitable company to one that just rolls out excuse after excuse for continued poor performance.
Good luck Wubing
Cheers
Hot legs
BDR Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
