Club Mulgoa

Tuesday, July 12, 2011

AGR

Two recent articles by RB and Proactive suggest AGR is doing good work and the future should be rosy. When market sentiment took a tumble today, AGR fell by 9% so I picked up some shares in it.

Italians are in trouble. All Europeans other than Germans will be in trouble. You only have to go to 5-star resorts to notice that Whites are becoming rarer. And possible all the Whites are actually Aussies! In their place, are Chinese and Indians. Europe has always been overpriced. And offers lousy value for money when traveling. The arrogant attitude will also cause more problems.

I have always like potash or phosphate stocks. Indians and Chinese have to eat. So do Europeans and North Americans. And AGR's tenements are in the middle of its market, ie Brazil.

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