Ghosta....just bought a few more at 44cents...I am now in for a longterm hold...but by next Xmas I will be up by over 100%...as I feel the Sp could be $1+.....as AGM will be producing NICKEL....better, than money in the bank at 5% so I have taken the risk and we will see how right I will be....merry Xmas to all and a happy prosperous new year....all sytems go for next year..also GOLD will shine in 2007.......ghosta said:Well its been a fantastic year for AGM with its tripling in price over the year. Had I posted a tipping competition last year I would probably have been the only one to put a tip in- but a lot more people have become aware of this great stock now and Im sure we can get quite a few tips. Had I tipped last year I would have said 30c, so Im conservative as far as the SP goes.
End of next year my guess is 92c
Whats your guess?
Chicken you can't just throw price targets up with vague justification, like 'producing nickel'. Especially double the current sp. And that's not necessarily better than money in the bank. Plenty can go wrong in the mean time. Stick to ramping without lofty unsubstantiated price targets mate. And, yes, before you say it, I do know something about the company and I have read the reports, blah blah. They look good. All the best!chicken said:Ghosta....just bought a few more at 44cents...I am now in for a longterm hold...but by next Xmas I will be up by over 100%...as I feel the Sp could be $1+.....as AGM will be producing NICKEL....better, than money in the bank at 5% so I have taken the risk and we will see how right I will be....merry Xmas to all and a happy prosperous new year....all sytems go for next year..also GOLD will shine in 2007.......
kennas said:Plenty can go wrong in the mean time.
Ghosta, the company looks great, and if you're a believer in the stronger for longer, US not going into a housing led recession, China continuing to grow at 10% ish, supply not catching up with demand, the mine coming on line on time, the workforce recruited is high quality and on time, that ship does not sinkghosta said:Kennas what can possibly go wrong; we know nickel will be strong for the next decade at least, the mining and processing is all in hand, product is sold. I suppose the worst thing I can think of is that the ship bringing the ball mill to Australia from Europe sinks- how likely is that!
kennas said:Ghosta, the company looks great, and if you're a believer in the stronger for longer, US not going into a housing led recession, China continuing to grow at 10% ish, supply not catching up with demand, the mine coming on line on time, the workforce recruited is high quality and on time, that ship does not sinkand Chicken doesn't visit the site and cause a cave in, then great! Perfect. There's never a sure thing Ghosta, even my stocks are likely to go bankrupt for some unforseen reason soon! Let's keep it real.
good one looks as if I am going to be KFC...LOLOLOLOLOkennas said:Ghosta, the company looks great, and if you're a believer in the stronger for longer, US not going into a housing led recession, China continuing to grow at 10% ish, supply not catching up with demand, the mine coming on line on time, the workforce recruited is high quality and on time, that ship does not sinkand Chicken doesn't visit the site and cause a cave in, then great! Perfect. There's never a sure thing Ghosta, even my stocks are likely to go bankrupt for some unforseen reason soon! Let's keep it real.
Not conservative Goyco, just following ASF policy on ramping. Please read the link.GOYCO said:Ghosta
Since most of the paticipants on this thread seem to be fairly conservative I would like to be daring and say $1.27. If it eventually goes above $3 then I can retire early. I am also wondering if you noticed that the Beards keep comparing their company to WMC. Is it possible? Zeehan = Olympic Dam?
Looking for signatures, like Avebury. Also no one has said anything about Melba Flats. There's a chunk of Nickel there.
Yeah I think $1.27 is a bargain
cheers
Thanks savtin.savtin said:Hi Kennas,
That is easy to justify with production as it is and a few assumptions..
1. PON - 25000/t
2. 8500 tonne/pa (start at 5500 but grow it slowly)
3.shares on issue 670M
4. Overhead and exploration costs 20M pa
5. $63/t operating costs say 20% blowout=$75.6/t
8500 x 25000 - 950,000 x 75.6 = 140M - 20M = 120M
no interest costs and ignore ammortization as it is a non-cash expense
then tax is 30% = 36M
leaves us 84 M profit / 670 shares = 12.5 cents per shareEPS
now we can safely assume the mine will have capacity with further explaration to have a life of atleast 20 years.....therefore justifying a higher p/e-------------say 10
then SP = 10 x 12.5
= $1.25
cheers
savtin
Maybe another way of looking at it is that it's trippled the past 12 months, so this time next year it should be $1.35??GOYCO said:Kennas
You are right..imo I believe the SP will be somewhere between $.80 and $1.50. There are so many variables involved that my educated guess is based on everything going right. $1.27 is my guess. I have no intimate knowledge which would make my guess any more or less correct than anyone elses. It should not be construed as financial advice. It's just that Ghosta asked us what SP we thought it could be. As markets are not perfect ( that is another debate entirely) even Warren Buffet's price for dec 30th 2007 is a guess as well. I apologise if anyone took my guess as anything other than which it was intended.
Cheers
Man you guys are strick
Kauri said:Was one of my early shots at E/W.. am still holding.. looking for around th 60c mark initially.. my stop is still around 33c but I think I would act before then if it started dropping.
I'd act before it got to 33c too. I'd buy more before it got that low. I'll probably buy more at the current price.Kauri said:Was one of my early shots at E/W.. am still holding.. looking for around th 60c mark initially.. my stop is still around 33c but I think I would act before then if it started dropping.
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