AGM - Allegiance Mining
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CanOz
Home runs feel good, but base hits pay bills!
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At lst some movement in AGM- even if it is down. Hardly unexpected!
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Anyone see Sat paper? Allegiance advertising for an Administration Manager, Environmental Coordinator, Senior Mining Engineer, Mining Engineer, Senior Mine Geologist, and a Mine Geologist.
Serious Stuff now.
The jobs are offered on a "residential basis".
Serious Stuff now.
The jobs are offered on a "residential basis".
Hi guys n gals
Just peeking at AGM. I'm like nioka - my cash is on ADI for the moment - but AGM could be next!!
...So they are ready to go ...
any ideas about when they expect mining to actually start?
- how long will the final ramp up to production eg. recruiting etc take??
- dukey
Just peeking at AGM. I'm like nioka - my cash is on ADI for the moment - but AGM could be next!!
...So they are ready to go ...
any ideas about when they expect mining to actually start?
- how long will the final ramp up to production eg. recruiting etc take??
- dukey
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Hello,
Mining is to be carried out by contractors who havent been chosen yet, but expect details of the sucessfull company any day now. The job ad asked for electricians,fitters etc to register there interest in future positions which will be rolled out progressivly in the next 3-6 months.
Processing of ore is scheduled to start 3rd quarter 2007. Mining will begin earlier in the year to extend the decline ready for mining and to produce a stockpile of ore ready for processing.
So is now the time to buy? My guesss is we will see a progressive but small increase in the SP untill full production is underway, could be some spikes there for short term investors if the sp gets temporarily overheated. There are lots of watchers (like you) waiting for a big move in the SP who wont want to miss out.
Early results from drilling in Saxon will likely stir up interest.
Where will the SP end up? Anyones guess, between 50c and $1 next year I'd say.
Good luck- hope you pick the right time to get in.
Mining is to be carried out by contractors who havent been chosen yet, but expect details of the sucessfull company any day now. The job ad asked for electricians,fitters etc to register there interest in future positions which will be rolled out progressivly in the next 3-6 months.
Processing of ore is scheduled to start 3rd quarter 2007. Mining will begin earlier in the year to extend the decline ready for mining and to produce a stockpile of ore ready for processing.
So is now the time to buy? My guesss is we will see a progressive but small increase in the SP untill full production is underway, could be some spikes there for short term investors if the sp gets temporarily overheated. There are lots of watchers (like you) waiting for a big move in the SP who wont want to miss out.
Early results from drilling in Saxon will likely stir up interest.
Where will the SP end up? Anyones guess, between 50c and $1 next year I'd say.
Good luck- hope you pick the right time to get in.
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You still there Porkpie? Havent heard from you for a while. Looks like a downward trend untill Xmas at least- you could buy in again if you wait, id say at about 32c. Dont think it will drop much lower than that.
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I'm on the Gold Coast for a few weeks no I'm not a schoolie (wish I was though) having a break from trading, opened a few positions (CFD's) yesterday added to them today KZL has taken a hammering but opened some more positions on weakness, thanks for the thoughts ghosta, hows our old 'chicken', porkpie
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Good on you Porkpie. Ive heard about those schoolies, getting wasted and flashing their t1ts, you behave yourself now!
As to Chicken hes given up on Aussie Stocks Forum and gone to HotCopper Forum, where he is known as "dweke2000".
This is his latest post on HotCopper-
"PRODUCTION>>>starts in 2007........and the SP will be 60c to $1+.......thats how it stands for next year...I am holding NOT SELLING....with a 100% in the next 6 months expected.....NICKEL will be the metal for 2007"
Sound Familiar!
As to Chicken hes given up on Aussie Stocks Forum and gone to HotCopper Forum, where he is known as "dweke2000".
This is his latest post on HotCopper-
"PRODUCTION>>>starts in 2007........and the SP will be 60c to $1+.......thats how it stands for next year...I am holding NOT SELLING....with a 100% in the next 6 months expected.....NICKEL will be the metal for 2007"
Sound Familiar!
Out Too Soon
My real name is King Julian ;)
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Hey Kennas! Have you been watching this? What do your charts tell you on this one. It looks interesting & the fundamentals are good.
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Rissole - (comments from the beginner's pool, m8 lol) - I thought I sold my AGM about Monday -!!! lol - turns out that I didnt (discovered after the minor correction on Tuesday) - and because it seemed to weather the storm better than expected - (well better that I expected anyways) - only dropped about 0.5 cents from memory from about 37c? - why then, I decided I'd keep it after all - Here's to next weekrissole said:
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Yes AGM is exactly on track. May drop a bit untill the next announcement of significance in about 4-6 months time, but totaly irelevent unless your looking to buy more. Its a waiting game for the present.
There are lots of impatient people about who think that just because AGM has the potential to be a $2 share in 3 years time, that it should be that now. But they will get sick of waiting and sell there shares and move on to the next "big thing". Life is a long series of dissapointments for them.
There are lots of impatient people about who think that just because AGM has the potential to be a $2 share in 3 years time, that it should be that now. But they will get sick of waiting and sell there shares and move on to the next "big thing". Life is a long series of dissapointments for them.
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rissole said:
In one of his Boardroom Radio Interviews, Ian Levy hinted that a dividend would be paid in the 2008/09 year. Because there is no debt at present except for about $7mill owed to Jinchuan and Societe General ( which represents about 1 weeks PROFIT under full production), the cash flows will be enormous. Some of it may be used to develop further mines and/or increase the processing capacity when Saxon is proven up, but if nickel prices stay hgh they cannot possibly spend all the profit!
It may make economic sense from a shareholders point of view to borrow money for major developments and reward shareholders with a high dividend.
Many of us have been waiting years for a return (7 years for me) and Im know the directors are keen to pay out a return.
If nickel prices stay high, dont rule out a 20c per share dividend fully franked.
Hi all, I've receive information that Allegiance Mining will be taking in people for their process plant in March / April 2007. Therefore I believe that the comissioning / production of nickel concentrates should be happening around + 3 to 6 months after that time.
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Here is a link to the jobs being offered at Avebury mine.
http://www.miningpeople.com.au/job_...SC&icategory=&ilocation=&ijobtype=&ikeywords=
No mention of jobs at the processing plant, but they could be handled by a different recruitment company.
http://www.miningpeople.com.au/job_...SC&icategory=&ilocation=&ijobtype=&ikeywords=
No mention of jobs at the processing plant, but they could be handled by a different recruitment company.
It is such a PITY that bluestone and AGM could not reach an agreement and start making money together.
AGM's SP doesn't look like doing anything until late next year..........what a travesty.
WSA, MCR and SMY powering along.........................
It just doesn't seem to me that AGM is being sought after by the market at large.......its current market cap is small compared to its assets and potential..........not withstanding the future cash flows .................most Media reports in the past have always refered to AGM as the little potential mining company somewhere down south .........
Wonder when we will see the SP re-ratings like other stocks when your are moving up in 8 -10cents intervals..................or am I just dreaming and have to accept that AGM is to remain in the 30's .................................
AGM's SP doesn't look like doing anything until late next year..........what a travesty.
WSA, MCR and SMY powering along.........................
It just doesn't seem to me that AGM is being sought after by the market at large.......its current market cap is small compared to its assets and potential..........not withstanding the future cash flows .................most Media reports in the past have always refered to AGM as the little potential mining company somewhere down south .........
Wonder when we will see the SP re-ratings like other stocks when your are moving up in 8 -10cents intervals..................or am I just dreaming and have to accept that AGM is to remain in the 30's .................................
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