Based on its past performance. Based on managements arrogance and dishonesty towards its shareholders.
I have said this before, and I will say it again. AGI does have the capacity to be at much higher levels than it is currently at. If they are successful in breaking into the European market, than AGI will be at much higher levels.
I have yet to see any real evidence of this.
I know Len Ainsworths style, and he is a smooth operator (for himself). I have no doubt AGI will succeed at some stage, and be a profitable company, but not before Len manages to squeeze his shareholders of every drop of blood they possess. Maybe a few more capital raising exercises based on promising news and fudged figures, then when everyone is sick of holding, and the price drops to all time lows, will the smart money pick them up, and the good news will be out.
just my thoughts!! do what ever you will don't get upset I could be wrong.
AGI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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