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AGM - Allegiance Mining

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Satvin- I agree that $1 would be a fantastic return, but the chances of it happening are very uncertain, probably not likely, but possible nevertheless. So basically we are in the gambling stage with AGM.
Nickel prices have reached a stage where manufacturers will use substitutes, esp in China where the increase in demand is occuring. Would a chinese consumer pay 30% more for a washing machine with a stainless steel bowl? No hell settle for a baked enamel bowl. He doesnt mind paying 5-10% extra but todays prices are simply unsustainable.
 
Take the ego and emotion out of it and the BTX milling arrangement seems like a no-brainer for both parties - so I hope they can put their differences aside and see some commonsense and middle ground. It'd provide great early cashflow for AGM but will also provide BTX with a cash bonanza much better than they'd get from pulling their own tin out of the ground and milling it.

They should get on with it and make hay while the sun shines - noone can guarantee how long nickel prices will remain high so it'd be silly to waste the opportunity - and its not like AGM doesn't have enough of a nickel supply - losing some margin on the first 6 months or so of production isn't going to hurt them significantly esp. at current Ni prices.
 
Ghosta..have you ever heared the word..SUPPLY AND DEMAND....as far as your no...they dont add up..right I said it will hit 40cents...now you still want to buy at 31cents...you are a optimist...when they run out of NI...in 15years maybe but in the meantime I enjoy the ride and so do all the other shareholders..GET USED TO IT LOLOLOLOLOLOLOLOLOL.....
 

:iagree:

If the deal doesn't go ahead it will be a poor reflection on the management of both companies. Even if BTX decide to reopen their tin mine it wouldn't be using the plant til mid 2007 at the earliest.
 
dubiousinfo said:
:iagree:

If the deal doesn't go ahead it will be a poor reflection on the management of both companies. Even if BTX decide to reopen their tin mine it wouldn't be using the plant til mid 2007 at the earliest.
Click to expand...
AGM management is looking after the AGM shareholders...so even if it does not go ahead with BTX no matter as the Nickel does not go off but its still there next year..I CAN WAIT,if it means BTX wants to screw AGM...no matter..AGM looks after AGM..RIGHT...and 40cents today AS I SAID..LOLOLOL
 
Interesting story-
My wife was talking to her sister yesterday, brotherinlaw owns a roof truss factory in Tasmania. He delivered some roof trusses to a mine at Zeehan on Friday. When he returned his wife said hed been speaking to an old school friend who was operating a drilling rig down there. Anyway brotherinlaw apparently went beserk, rang the real estate agent and told him to sell his spec built house at some low price and he apparently emptied the cash tin and went off down to the bank to buy some shares. Dont know if was AGM shares he was buying, or what he found out.

Im still confident this run will end soon and the shares will drop back to a logical price- look at agms graph- last time they hit 40c they dropped back to 20c.
 
Ghosta I wish I wish..I was a FISH....I wish I wish I could buy AGM for what...40cents man that is cheap....YOU HAVE GOT NO IDEA....after all AGM is just about producing and you want to buy them at 20cents...LOLOLOLO,,,,I would morgage my house to buy.....so pay up or stay out of AGM....after all we all want something for nothing..I wish I wish I was a fish......
 
Have a look at the SP now Chicken, I knew it couldnt hold 40c. Not crowing now! 31c looks good by the end of the week.
 
There are at present 4 cappers working the stock as far as your price??? Cant answer that...but you are optimistic....
 
hahah c'mon chicken - exactly 4 cappers is it - sure its not 5 or 3 ... maybe overnight volatility in nickel prices might be a more plausible explanation no?

I'm as enthusiastic about this stock as you are but I'm not under any illusions about cappers and I wish they'd get their act together and do a deal with BTX and start pulling in the dollars sooner rather than later, while nickel prices are still on the boil and lme stockpiles are low.
 
Thats right cuttlefish 4 cappers, and according to chicken OSH is in a trading halt, funny that I shorted OSH this morning with CFDs. porkpie
 
Dont be too hard on poor old Chicken if he says there are 4 cappers Ill go along with it. 1 under his bed, one in the wardrobe, one under the sink and one in the washing machine. Just because everyone else cant see them doesnt mean they are not there.
 
I was getting worried i thought chicken had flown the coop, hav'nt seen a post. But I see that he's back again trying his sweet little ol best to talk up AGM.porkpie
 
going through at 38cents...might even see a rise today...hi porkpie still playing the game...capper shook the tree but not to many shares fell out...may jet go higher today..this will be a 6 bagger...remember what I said once about ZFX...now $14......AGM will do well and how high??? we will see as soon as we have production here..but all looking good.....
 
by the way chicken when do the clocks go forward in NSW, I don't get fed until 7.00 pm at the mo. porkpie
 
AGM..news flash....I have to wiat for 20 minutes before I get to read it Annyone?????.....could be important
 
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