AGM - Allegiance Mining
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rub92me
Don't look back
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Looks like it is speeding up now. 1 million shares traded in the first 15 mins and up 2 cents.
It surely is..now how right was I...but you all tried to make a fool of me...next stop is 60cents rubydieduck....LOLOLOLO...Ghosta said on HC that AGM are starting their mining operation on the 7thDec2006....intresting I thought...rumour has it ZFX are looking at AGM...rub92me said:
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Thanks for this post ghosta - was enuf to hook my interestghosta said:
Lol - btw, Does that mean we watch the JOBS sectino of the paper? For instance, I saw some jobs advertising for broom cleaners !! - hence ..BUY brooms !! (?) lol
(or was it cleaners in Broome? - just can't be sure )
chops_a_must
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I'm not arguing with you here, but haven't the ZFX heads said they aren't looking at taking over other Australian companies? Then again, club presidents say their coaches are safe, don't they?chicken said:rumour has it ZFX are looking at AGM...
Ken..I own osh shares...as oiler goes...as good or better than a lot of them...You forgot to mention..ZFX that was another of my recomendation....AGM going through at 47cents...Ghosta meant well as he thought price might drop...but I thought with production around the corner perhaps,maybe....but decided to hold my 200k shares....now if I had sold I would have been kicking myself...by the way..at $3.25 for Osh it was a buy..if you are trading or holding for longterm....the experts saying its worth $4.35 to $4.85...could go even higher..so I hold and trade some...makes my average price lower....buy at $3.25 sell at $3.45 or $3.50...do that a few times and you made a few $$$$.....and makes you happy....cheers the chicken...MAKE YOUR OWN RESEARCH....as I am just a mortal being...Ken said:
I am just repeating of what came out of Tassie....could only be a rumour BUT..where there is smoke there is a fire....so anything is possible...someone has been capping this stock for a long time...see trading pattern and something could be happening....its very possible...ZFX have got a plant in Tassie and this could be feasable as to use their plant....I just assume this...but we should know soon as far as AGM is concerned....their SP is telling us something...good luck to all the once who held...must should my mouth...this German talks too much..not allways good for me...I will crow more in future otherwise I finish up being KFC..LOLOLOLOLOLchops_a_must said:
chops_a_must
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Lol!chicken said:I am just repeating of what came out of Tassie....could only be a rumour BUT..where there is smoke there is a fire....so anything is possible...someone has been capping this stock for a long time...see trading pattern and something could be happening....its very possible...ZFX have got a plant in Tassie and this could be feasable as to use their plant....I just assume this...but we should know soon as far as AGM is concerned....their SP is telling us something...good luck to all the once who held...must should my mouth...this German talks too much..not allways good for me...I will crow more in future otherwise I finish up being KFC..LOLOLOLOLOL
And this is true.
It really would be stupid if a company like ZFX comes out and says we are looking to take you all over, it would just ramp share prices up and they would end up having to pay more.
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Report on Foundation Day Avebury Mine-
What a great day for Allegiance Mining! The unveiling of the Foundation Stone symbolically marked the transition from being a nickel explorer to being a nickel producer, although processing of ore won’t begin till 3rd quarter next year as we all know.
Those of you who have only recently discovered AGM may not appreciate the hard struggle that went on to get to this stage. Ive held shares in AGM for almost seven years and until I attended this function I had no idea how difficult it was. They spoke of the year 2002 as being the “black year” when despite all the good drilling results the share price went down to 0.03c. At the time, for me the drop in price was disappointing, but I did buy more shares at the time (I didn’t tell my wife) because Id done enough research to know they were on to something. And that belief is what kept them going.
Finances were so tight they couldn’t afford to put a decent access road into the drilling sites and the drillers had to walk in after heavy rain. The rigs were helicoptered in and out- far cheaper than a series of roads.
But I gained an appreciation that those involved with the project in the early days had real guts, and have every reason to be proud of their achievements.
I came away from the unveiling knowing that the guys involved will get this project up and going- properly and profitably. The company have hand picked the best personnel in the country for the project- that’s a strong impression I got.
The Chairman of Jinchuan was in attendance with a group of engineers and geologists. They got to look through the mine but not us mere shareholders- all we got to see was the site for the processing plant. Work was progressing flat out on the tailings dam which has to be blasted out of a flat low lying area, about a dozen assorted heavy machines were working in the area. The rock was being dumped to raise up an area for the processing plant.
None of the Chinese present could speak English so all the speeches had to be interpereted. The chairman of Jinchuan made one significant comment which I found interesting. He had just returned from a conference of mining/ metal company heads in China sponsored by the Chinese Government. The purpose of the conference was to prepare the mining/ smelting industry for the next step in Chinas development, which was to improve the living standard of the 900 million peasants in rural areas. Apparently infrastructure development throughout rural China on a MASSIVE scale is about to begin. State owned companies, like Jinchuan must play their part (for the good of the country) and would have to revise their production targets.
Jinchuan has a small city in Ganshu province on the edge of the Gobi desert devoted to nickel production, employing 80000 people (from memory). They are doubling production by 2008 by building a new production line. They are very keen to find news sources of nickel ore to smelter. (China was a net exporter of nickel ore until 2000- but export of nickel and some other ores were made illegal last month).
AGM Chairman Tony Howland-Rose emphasised in his speech that he believed that nickel prices would “remain stronger for longer” than many of the doomsday “experts” were suggesting . Given his track record I don’t think his comments can be easily dismissed.
Ian Levy showed us the usual slide comparing nickel mining at Kambalda WA to Avebury, and said that the slide spoke for itself in reguard to the potential profitability of the Avebury mine. He also emphasised that the average 1% nickel contained in the ore was around the industry standard wordwide, and that it was inaccurate to describe the deposits as “low grade”.
All shareholders present got a free green hat with “Avebury Mine- Foundation Day December 2006” printed on it, looks like it would make a good fishing hat, but Ill keep mine as a memento. We got a free lunch too.
The announcement that Barminco was the successful mining tenderer was a surprise, as was the fact that they would start mining on Dec 7th (to build a stockpile for processing and to extend the decline about 5km round the orebodies). Barminco is local company formed by miners (ex Rennison mine I think), and were described as very experienced and competent.
I asked around about the rumour of a Zinifex or Jinchuan takeover of AGM. All I spoke to thought there was nothing in either suggestion. Hope that’s right because AGM will make us some big dollars- Im very confident in that now.
What a great day for Allegiance Mining! The unveiling of the Foundation Stone symbolically marked the transition from being a nickel explorer to being a nickel producer, although processing of ore won’t begin till 3rd quarter next year as we all know.
Those of you who have only recently discovered AGM may not appreciate the hard struggle that went on to get to this stage. Ive held shares in AGM for almost seven years and until I attended this function I had no idea how difficult it was. They spoke of the year 2002 as being the “black year” when despite all the good drilling results the share price went down to 0.03c. At the time, for me the drop in price was disappointing, but I did buy more shares at the time (I didn’t tell my wife) because Id done enough research to know they were on to something. And that belief is what kept them going.
Finances were so tight they couldn’t afford to put a decent access road into the drilling sites and the drillers had to walk in after heavy rain. The rigs were helicoptered in and out- far cheaper than a series of roads.
But I gained an appreciation that those involved with the project in the early days had real guts, and have every reason to be proud of their achievements.
I came away from the unveiling knowing that the guys involved will get this project up and going- properly and profitably. The company have hand picked the best personnel in the country for the project- that’s a strong impression I got.
The Chairman of Jinchuan was in attendance with a group of engineers and geologists. They got to look through the mine but not us mere shareholders- all we got to see was the site for the processing plant. Work was progressing flat out on the tailings dam which has to be blasted out of a flat low lying area, about a dozen assorted heavy machines were working in the area. The rock was being dumped to raise up an area for the processing plant.
None of the Chinese present could speak English so all the speeches had to be interpereted. The chairman of Jinchuan made one significant comment which I found interesting. He had just returned from a conference of mining/ metal company heads in China sponsored by the Chinese Government. The purpose of the conference was to prepare the mining/ smelting industry for the next step in Chinas development, which was to improve the living standard of the 900 million peasants in rural areas. Apparently infrastructure development throughout rural China on a MASSIVE scale is about to begin. State owned companies, like Jinchuan must play their part (for the good of the country) and would have to revise their production targets.
Jinchuan has a small city in Ganshu province on the edge of the Gobi desert devoted to nickel production, employing 80000 people (from memory). They are doubling production by 2008 by building a new production line. They are very keen to find news sources of nickel ore to smelter. (China was a net exporter of nickel ore until 2000- but export of nickel and some other ores were made illegal last month).
AGM Chairman Tony Howland-Rose emphasised in his speech that he believed that nickel prices would “remain stronger for longer” than many of the doomsday “experts” were suggesting . Given his track record I don’t think his comments can be easily dismissed.
Ian Levy showed us the usual slide comparing nickel mining at Kambalda WA to Avebury, and said that the slide spoke for itself in reguard to the potential profitability of the Avebury mine. He also emphasised that the average 1% nickel contained in the ore was around the industry standard wordwide, and that it was inaccurate to describe the deposits as “low grade”.
All shareholders present got a free green hat with “Avebury Mine- Foundation Day December 2006” printed on it, looks like it would make a good fishing hat, but Ill keep mine as a memento. We got a free lunch too.
The announcement that Barminco was the successful mining tenderer was a surprise, as was the fact that they would start mining on Dec 7th (to build a stockpile for processing and to extend the decline about 5km round the orebodies). Barminco is local company formed by miners (ex Rennison mine I think), and were described as very experienced and competent.
I asked around about the rumour of a Zinifex or Jinchuan takeover of AGM. All I spoke to thought there was nothing in either suggestion. Hope that’s right because AGM will make us some big dollars- Im very confident in that now.
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