AGM - Allegiance Mining

[Ken]

surely we need to hire a boxing ring!

 

[chris1983]

Chicken, some news- there is no capper. Todays prices were unsustainable. Looks like the day traders were out in force trying to get this stock to move up today, and had to sell out when they realised the market knew it was overpriced.
Unfortunatley some small investors got sucked in today, been listening to people like Chicken. Shows you should always do thorough homework before buying any stock.
Anyone else for KFC tonight!
31c Yeee Har go Agm train backwards!

Definately not overpriced IMO. Will be 60 + cents in 6 or so months time. They will announce further results to their Saxon nickel deposit and it will be huge. They have a lot of nickel there at high grades. They are preparing their mine..everything is set for this one to go.

I dont hold as many shares as Chicken but I know i'll make a nice little profit from this one. The shares from the SPP were released to the market and maybe some of those holders took profits. This is on the way up.

 

[ghosta]

Chris- where did you get this information about the Saxon deposit being high grade and huge? Even the company directors dont know this yet, there has only been one drill hole and the further drilling is planned this summmer. Perhaps its your gut feeling which could turn out to be right or it may not.
It may surprise you to know that you may well have as many shares as our friend Chicken- hes been telling a few porkies on the Aussie Stocks forum about his share holdings if you care to look through his postings.
At least his ravings are as amusing as they are ill informed!

 

[chris1983]

I said it will be huge. It is very close to the Avebury deposit also. Isnt there Avebury deposit large enough for you? You should really do your research into production costs in Tasmania. They have a US$1b offtake agreement with Jinchuan. Isnt that good enough for you? This is one of my mid-long term holds. No worries with this one once they get it into production which will definately happen. We will see whos right.

 

[Broadside]

I said it will be huge. It is very close to the Avebury deposit also. Isnt there Avebury deposit large enough for you? You should really do your research into production costs in Tasmania. They have a US$1b offtake agreement with Jinchuan. Isnt that good enough for you? This is one of my mid-long term holds. No worries with this one once they get it into production which will definately happen. We will see whos right.

yes I agree, if we can get short term production from Bluestone that will be a great bonus and an immediate boost for the share price, but regardless this is going to be rerated stongly as production approaches, with strong prospect of further discoveries

can see it doubling or trebling in next 12 months so long so there isn't a commodity meltdown

 

[chicken]

Chris- where did you get this information about the Saxon deposit being high grade and huge? Even the company directors dont know this yet, there has only been one drill hole and the further drilling is planned this summmer. Perhaps its your gut feeling which could turn out to be right or it may not.
It may surprise you to know that you may well have as many shares as our friend Chicken- hes been telling a few porkies on the Aussie Stocks forum about his share holdings if you care to look through his postings.
At least his ravings are as amusing as they are ill informed!

Ghosta is certainly a beauty...he has got no idea...has he, he thinks he knows..well let me tell you his name should be SCHULTZ...who said ...I know noting...thats about Mr Ghosta..who uses MANY Alias...LOLOLOLOLOLOLO...all I know....like SBM,ZFX,AGM,AGS,SMM,OSH only BMX is still down soon its going for a run 40cents is the target...are ALL making me $$$$$$$$$$$....and the last 2 years...the market is great....and I am buying back into MGX.....

 

[Sodapop]

Yeah Chicken - but Sgt. Schultz probably felt the way the wind was blowing... Probably a handy excuse in the dock at Nuermberg... He was the smart one while Klink twisted in the wind???...

Post enough times someone might eventually pay attention - right Chicken???

 

[chicken]

From todays Australian:
While talks continue between AGM and Bluestone Tin overAGM using the latter's mothballed plant to get nickel production going early in Tasmania, attendants at a mining conference in Sydney this week pricked up their ears when Allegiance indicated it could be paying dividends within 18 months of start up.No debt,production costing $US5000/ton and nickel now $US32,000/ton seems to suggest strong cash flow.

Does make interesting reading....

 

[chicken]

we are getting higher highs and lower highs...SP is rising....closed at 37cents..so Ghosta,and Porkie your buy in price is looking sick..told ya...anyone heard anything about the Nickel conference from Perth...someone knows something....big buyer buying.....

 

[chicken]

we are getting higher highs and lower highs...SP is rising....closed at 37cents..so Ghosta,and Porkie your buy in price is looking sick..told ya...anyone heard anything about the Nickel conference from Perth...someone knows something....big buyer buying.....

Yep up 10% this week...will it hit 40cents..I think so look at Nickel price....and only 1 day supply in warehouse....this one is higher today for sure...Ghosta,Porgie...your buyorder at 31cents is looking sick..DUTCHY...you were right the first time....its going higher..and the capper is sick of losing more shares at cheap price..might have to run with the market....40cents here we come..told you all....

 

[ghosta]

There will be untill the market realises that the Blustone deal, which looks very shaky, is abandoned. Bluestone are going to start up tin mining again and want to use the plant next year. See their announcments- Allegiance wont pay the deposit that is due. Bluestone would want big dollars to let anyone use their plant. Allegiance is in a corner, when they release details saying the deals off Ill get my shares and so will Porkpie.
Probably less than 30c.
We will wait and watch to see how much the price drops.

 

[GOYCO]

The news regarding Bluestone not going ahead with Allegiance for the nickel production agreement is expected. The announcements have pretty much said that it will not go ahead but what will drive the price of AGM will be the announcements regarding new nickel discoveries in the area. Which they said they expect quite a few and also as we get closer to production the SP will go up. The numbers are fantastic if everything holds.

 

[Broadside]

The news regarding Bluestone not going ahead with Allegiance for the nickel production agreement is expected. The announcements have pretty much said that it will not go ahead but what will drive the price of AGM will be the announcements regarding new nickel discoveries in the area. Which they said they expect quite a few and also as we get closer to production the SP will go up. The numbers are fantastic if everything holds.

I agree...if Bluestone deal is well and truly taken off the table it may weaken AGM a little, not a huge amount as it isn't really factored in as a high likelihood anyway. Conversely if a deal is done it could push the price up quite fast. But the wildcard is exploration. Good luck with your 31c bid ghosta I admire your optimism.

 

[chicken]

we are getting higher highs and lower highs...SP is rising....closed at 37cents..so Ghosta,and Porkie your buy in price is looking sick..told ya...anyone heard anything about the Nickel conference from Perth...someone knows something....big buyer buying.....

As I said, keep this one on your radar screen as it could run real hard as Nickel prices are rising...I bought and sitting on them....production soon..and the SP will be rerated...AGM have a supply contract in place..great looking all good for agm...

 

[ghosta]

Broadside- Yes your right and the other wildcard is the Nickel price in 2 years time. If we use the base data supplied by allegience the IRR=45%. Given the project cost is a $77 million this means an annual profit of $34m, which we must deduct running costs of the company (not the mine). Probably only $1m. Leaves $33 m divided by 650m shares = return of 5c per share. So a share price of 50c under full production (ie 2 years time) is realistic for these figures. If Saxon is a find, I heard on radio interview with manager that they would increase output by 50% (Install a ball mill 1/2 size of one ordered), so a share price of 75c may be realistic in about 3 years time.
If nickel price stays above US20000 a tonne for the next three years could add another 50% to these figures.
These figures assume no cost overruns or long delays. So $1 a share is certainly possible in 3 years time if all goes VERY well.
So basicaly a gamble if you pay much more than 30c per share now.

 

[porkpie324]

Totally agree ghosta, I may have taken my profits a little early and that not just AGM, have reduced MCR, all of IGO, MRE,KZL,WSA, SMY. Only now taking short term CFDs. But sitting on lots of good gains, just waiting to see whats going on after some substantial SP increases, a lot of hype around at the mo. porkpie

 

[ghosta]

Yes Porkpie, some people are gonna get burnt real bad.

 

[chicken]

I agree...if Bluestone deal is well and truly taken off the table it may weaken AGM a little, not a huge amount as it isn't really factored in as a high likelihood anyway. Conversely if a deal is done it could push the price up quite fast. But the wildcard is exploration. Good luck with your 31c bid ghosta I admire your optimism.

gOING THROUGH AT 39CENTS....Ghosta things are not looking to good for you...you forgot NICKEL price is going into the orbit....I said see you at 40cents..now how right have I been,,,,

 

[savtin]

ghosta,
i don't know where you are coming up with your figures. AGMs IR 45% was based on a nickel price of $15000/tonne. Even as you say a $1,00 stock in 3 years is fantastic return for a 3 year period. Who do you know that can buy a property and have its value triple in 3 years. What are you on about?

AGM is compelling value at these prices.

Regards
Savtin.

 

[chicken]

ghosta,
i don't know where you are coming up with your figures. AGMs IR 45% was based on a nickel price of $15000/tonne. Even as you say a $1,00 stock in 3 years is fantastic return for a 3 year period. Who do you know that can buy a property and have its value triple in 3 years. What are you on about?

AGM is compelling value at these prices.

Regards
Savtin.

Thats what Chicken says as well....LOLOLOLO....I think Ghosta missed the train..well, he will have to buy at 39cents...told him so but no one listen to Chicken...LOLOLOLOLOLO...see you at 40 cents..maybe today....