AGM - Allegiance Mining
- Thread starter newbee
- Start date
-
- Tags
- agm allegiance mining
- Joined
- 15 October 2006
- Posts
- 117
- Reactions
- 0
Satvin, you will have to be patient.
The stock HAS done well this year, its increased X2.5 which is good in anyones terms!
Ive held shares for nearly 7 years. It seems as though its only been in the last 12 months that anyone else has heard of AGM.
Even so, it took a few weeks for the market to wake up to the Saxon announcement.
The Directors have been to every possible mining meeting with a presentation over the last six months to raise awareness. They have spoken on Boardroom radio on a regular basis, and to the Wall St Reporter.
Holders of all mining leases adjoining AGMs leases are busily trying to raise capital to eplore "Avebury Type" geological formations, and thats good publicity for AGM.
Because first sales are 12 months away the SP hasnt risen as fast as many shareholders would like.
Be assured it will rise. There is no doubt about that. And in a big way- for the reasons we understand having done some research.
There are many watchers ready to pounce if the SP rises. Not all are simply one week speculators. At the moment they believe there is still time to buy in.
Daily volumes of sales are reasonable.
But I can understand your frustration. In the early years of Avebury exploration, they kept reporting excellent exploration results, and the SP went down to 3c.
The stock HAS done well this year, its increased X2.5 which is good in anyones terms!
Ive held shares for nearly 7 years. It seems as though its only been in the last 12 months that anyone else has heard of AGM.
Even so, it took a few weeks for the market to wake up to the Saxon announcement.
The Directors have been to every possible mining meeting with a presentation over the last six months to raise awareness. They have spoken on Boardroom radio on a regular basis, and to the Wall St Reporter.
Holders of all mining leases adjoining AGMs leases are busily trying to raise capital to eplore "Avebury Type" geological formations, and thats good publicity for AGM.
Because first sales are 12 months away the SP hasnt risen as fast as many shareholders would like.
Be assured it will rise. There is no doubt about that. And in a big way- for the reasons we understand having done some research.
There are many watchers ready to pounce if the SP rises. Not all are simply one week speculators. At the moment they believe there is still time to buy in.
Daily volumes of sales are reasonable.
But I can understand your frustration. In the early years of Avebury exploration, they kept reporting excellent exploration results, and the SP went down to 3c.
hi ghosta
most of the real % gains occur closer to mining and production. Prime example is WSA, it has just hit ore and keeps rocketing 10% day after day..endless rises!
If you want to sell out ppl thats fine, but realise this. You can always get back in, however more exploration finds will add a few more cents to the SP. I think it should be trading around 40-45c currently.
AGM's mineral resource inventory is identical to WSA, so overall there shouldn't be a great deal of difference in market capitalisation....WSA is trading well over $600M, AGM $250M. Arguably WSA has very good management as well, but AGM did a good offtake deal so...ITs dead obvious that a $250M stock has more to go up than a $600m stock. the risks are identical as both are under ground mines
most of the real % gains occur closer to mining and production. Prime example is WSA, it has just hit ore and keeps rocketing 10% day after day..endless rises!
If you want to sell out ppl thats fine, but realise this. You can always get back in, however more exploration finds will add a few more cents to the SP. I think it should be trading around 40-45c currently.
AGM's mineral resource inventory is identical to WSA, so overall there shouldn't be a great deal of difference in market capitalisation....WSA is trading well over $600M, AGM $250M. Arguably WSA has very good management as well, but AGM did a good offtake deal so...ITs dead obvious that a $250M stock has more to go up than a $600m stock. the risks are identical as both are under ground mines
Do we know if AGM are still drilling holes down there?????There does not seem to be much coming out of them RE exploration success.............or upgrades to their resources for a while now.......................
maybe they have stopped until after Xmas ..................??
maybe they have stopped until after Xmas ..................??
- Joined
- 15 October 2006
- Posts
- 117
- Reactions
- 0
savtin said:
They have 3 drilling rigs down there. You can be sure they are not idle.
To fully drill out Saxon they intended to put in a ring road over the top and drill down from good access. Not sure on progress, Id think it should nearly be ready.
My guess is they are drilling into Saxon from outside this area with at least 1 rig.
But Ill have more info after Ive been down there to the unveiling of the Foundation Stone.
You can expect a full report!
Hi Guys,
Some good news for AGM.
You know how one of the largest uranium mines the Cigar Lake Uranium mine coming on stream got delayed. So has a major nickel mine. This mine was supposed to help with world stockpiles. See link below.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aX4daMO9zlb4&refer=news
Now see the news in regards to the delay.
http://www.canada.com/nationalpost/financialpost/story.html?id=4d3dd5b3-e613-46c9-8bb9-458d52241764
Some good news for AGM.
You know how one of the largest uranium mines the Cigar Lake Uranium mine coming on stream got delayed. So has a major nickel mine. This mine was supposed to help with world stockpiles. See link below.
http://www.bloomberg.com/apps/news?pid=20601086&sid=aX4daMO9zlb4&refer=news
Now see the news in regards to the delay.
http://www.canada.com/nationalpost/financialpost/story.html?id=4d3dd5b3-e613-46c9-8bb9-458d52241764
I think they will continue to run now. With Nickel prices looking good for the future AGM will be set. Production being delayed at the Goro nickel project in the French overseas territory of New Caledonia has helped the cause IMO. The will be delayed untill late in 2008 and You can probably push that back further which should help nickel prices.
AGM will be producing within a years time. looks set to give me some good returns..risk factor in my mind is very low aswell.
AGM will be producing within a years time. looks set to give me some good returns..risk factor in my mind is very low aswell.
Would people please stop ramping this stock. There really is no need to. Buy and holg for 2 years. Forget about tomorrow, next week or next month for that matter. This is not a day trading stock ( like cudeco) this is for real. But he who wants to be rich in a day will be hung in a year..
Do your reasearch find out the truth
Do your reasearch find out the truth
Well saidGOYCO said:Would people please stop ramping this stock. There really is no need to. Buy and holg for 2 years. Forget about tomorrow, next week or next month for that matter. This is not a day trading stock ( like cudeco) this is for real. But he who wants to be rich in a day will be hung in a year..
Do your reasearch find out the truth
Similar threads
