If you look at the log.txt file in the interpreter_android folder, it will give you a more specific reason.
Most likely something like
P:/android/android-ndk-r7b/toolchains/arm-linux-androideabi-4.4.3/prebuilt/windows/bin/../lib/gcc/arm-linux-
androideabi/4.4.3/../../../../arm-linux-androideabi/bin/ld.exe: ./obj/local/armeabi/libAGKAndroid.a: No such file: Permission denied
collect2: ld returned 1 exit status
make: *** [obj/local/armeabi/libandroid_player.so] Error 1
In my case (above) and for every install so far it was permissions.
Even though, by now, I expect it and set the rights in advance, somehow it gets messed up.
The above was the same for all users for this particular file.
Resetting the permission from the AppGameKit or IDE folder and propagating to the sub folders usually sorts it.