AGR certainly appear to be in the right place with the right commodities at the right time.
With prices for both soybeans and corn very strong I would think that local producers would be keen to use a local natural product over imported fertilizer to help increase yield.
Below are 12 month prices for Soyabeans, Corn and Copper.
Someone posted a graph earlier showing the rise in the price of phosphate rock which shows a similar trend.
copper
The local bank loan to fund construction of the phosphate project means minimal dilution to production. Cash flow from the phosphate project can then progress the copper projects.
There is a lot to like about this company.
AGR Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
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