AGM - Allegiance Mining

[powerkoala]

That is the same question that i was wondering.
China will not too stupid to buy something, if it is not there yet.
The contract surely will make this stock goes up in the future.
This is just my own opinion though

 

[Dutchy3]

Now is this the time to lighten the load?

 

[savtin]

Hi all,
I know i shouldn't but it makes me laugh .................a base metals company" great western" today announces that it is changing its name and going into uranium and the stock jump (or rocketeda) 148 % to 29.5 cents....................now let me see AGM announces a 1.7 billion dollar deal for (70,000 tonnes of nickel) and we all know that is the tip of the iceberg and the share price jumps a ........27%................makes me laugh .hahhahahahahahhahahahah

maybe AGM should tell us its changing its name and entering into uranium and we will see $1.0 for sure.

On a serious note: don't underestimate what ASSETS this company is potentially sitting on. They have already identified 132,000 tonnes of nickel (at 0.4% cut off) but this is only the beggining..............that is an inground value of $2.4 billion dollars ..........if you add the melba, renison, burbank and potentially the avebury extensions we are sitting on in excess of $4-5billion and then some....................considering operating costs and capex tha leaves us with a company worth at least $1 billion dollars ---SP = $1.72 (that includes the extra 129 million shares to be issued).

GO AGM

 

[Profitseeker]

I've bought back in. Got back in for less than I thought I would but that makes me slightly nervous...

 

[lewstherin]

I'm in at 28.5c...the company has a hell of a lot of shares issued, but with a signed offtake agreement of the scale they have, this stock has got to go places medium - long term. Even if the bottom falls out of nickel, the stock should reach 50-75c once production starts rocking imo.

 

[Profitseeker]

When is production forecast for? As far as I can tell it is not.

 

[Profitseeker]

Great Annoucement out today. Surprised it has not had a bigger effect on the share price.

 

[lewstherin]

Biggest problem with this company is the sheer number of issued shares - around 600 mil!
They are also doing the next tranche of capital raising by issuing another 10-20 mil shares @ 31c.
Short term, 31c is where the resistance is going to be methinks - since most buyers will just chase the issue if they want more shares.

Oh, and production slated to start in first quarter CY2007, ramping to full prod mid-year.

Being in Tassie, if they have a labour problem, they can always recruit some extra miners from Beconsfield

 

[Broadside]

fundamentals will take over from here this is producing in 2007, offtake agreement with Chinese, upgraded resource and throughput, all good

as an aside can get exposure to AGM through GUL, but GUL is somewhat illiquid

 

[chicken]

fundamentals will take over from here this is producing in 2007, offtake agreement with Chinese, upgraded resource and throughput, all good

as an aside can get exposure to AGM through GUL, but GUL is somewhat illiquid

Got in at 26cents.....looks as if its taking off today...Insto paid 31cents for their shares...looks good to me.....what does everyone else think....

 

[Profitseeker]

I think it is a winner. It is one I am investing in for the long term but also trying to trade. It is proving quite volatile.

 

[chris1983]

I jumped out of these when i was worried about the whole fiasco with the US. I figured this was too good a share and jumped back in at 26 cents. Great long term hold in my opinion.

 

[Dutchy3]

This one should stablise around 28 - 30ish. Clearly last weeks trading back down to 24 is not supported and the stronger hands bought back in in this range. Clear selling off the top above 38 should still be seen as a point of potential resistance in a few weeks/months as volume actually increased after the top was made

 

[chicken]

This one should stablise around 28 - 30ish. Clearly last weeks trading back down to 24 is not supported and the stronger hands bought back in in this range. Clear selling off the top above 38 should still be seen as a point of potential resistance in a few weeks/months as volume actually increased after the top was made

Dutchy,the directors just paid 34cents for their holding of 10million shares....so they paid 9cents more than market price.....something must be happening for them to buy these option of 10million shares...wonder if the Chinese are going to make an offer for the company...could be possible.....

 

[chennyleeeee]

Common sense would suggest the directors to be stupid by doing that. Theres clearly enough volume to buy on the market if they wanted the stocks so desperately. There must be some automatic system they have going on that caused it. Must be an order and do type thing.

But it does seem extremely cheap considering what the institutions brought it at and consdiering the strong fundamentals of this company. I might wait to see if it dips below 20cents and i might get on board.

CHEN

 

[chennyleeeee]

Up to 26 cents now. Patience is a virtue. I hope it oversells again. hehe

CHEN

 

[chennyleeeee]

Its soaring today even when the entire market is falling. I hope it isnt too late to enter this one. Someone oversell !!! :

CHEN

 

[stockmaster]

AGM has rallied from 0.23 to 0.275. I believe there will be some fundmanetal news coming up tomorrow and may further push the price up. Price suggestion - 0.32 - 0.35 for next few days! NOTE: only a recommendation, not liable for any loss.


cheers!

 

[chennyleeeee]

Stockmaster: Where do you get your information from? What makes you think there will be an announcement tomorrow?

CHEN

 

[stockmaster]

The price has rallied since the announcement Avebury Nickel Project Update which states "construction of the 900,000 tonne per annum Avebury Nickel Project near Zeehan in Tasmania Australia is well underway". Nickel has once again hit the top up by over 6% (right now 10.55pm) this shall help the rally started today and may last for a couple of days, interesting to observe for tomorrow.