Next Investors logo grey

Aguia surges as Tres Estradas is granted priority projects status by government


Published 30-MAR-2017 15:16 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Shares in Brazilian fertiliser developer, Aguia Resources (ASX:AGR) spiked more than 5% on Thursday after the company announced that its Tres Estradas phosphate project had been granted priority project status by the Secretary of Economic Development of the Rio Grande do Sul State.

It should be noted that share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

This is an important development as it provides direct access to senior levels of government, including the Secretary of Mining and Energy, the Secretary of Treasury and Taxation and agencies involved in handling environmental issues and the provision of essential services such as electrical power.

Such is the government’s commitment to support and assist with projects that it also helps companies in identifying financing options via local development banks in coordination with the Municipal Government.

Discussing benefits that have already materialised from this relationship, Technical Director Doctor Fernando Tallarico said, “We have already seen the advantages related to having priority projects status, having made important contacts with the Secretary of Treasury to discuss potential tax incentives and the state electrical power company to discuss the connection of our project to the national electrical power grid”.

This development couldn’t have come at a better time as highlighted by AGR’s Managing Director Justin Reid who said, “As we move forward with the Bankable Feasibility Study (BFS) for Tres Estradas, developing relationships with the community and key government agencies at the state level will be a key component of ensuring that all stakeholders are on board with our plans to become a significant phosphate producer.”

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.