Warwick Grigor from Far East Capital has a BUY on AGR................
The shares have risen from 5 cents on April 10 to close at 20 cents on September 16. There are very good reasons. Management changes have inspired confidence and there’s been a very successful capital raising. Offering a very simple business model, the company is advancing phosphate projects in Brazil that will supply the local market, replacing high cost imports. The economics look bright, especially with the falling Brazilian currency.
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