Loyalhound, other than what you've stated the only other item I found as positive from the 2013 financial report was the marked increase (over a million dollars) applied towards mining infrastructure. This production capability needs to come to fruition for there to be any appreciable rise in the AGCZ share price imo. There are a lot of promising miners, most already producing and working on reducing their expenses and costs, so there is some stiff competition for the investor dollars.
I think this company for the most part manages their money appropriately and should do well in the future as they grow. At today's share price I think they are a speculative risk buy.
Good day to you.
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