AGM - Allegiance Mining

[ezyTrader]

Had a touch of 63.
Need to break 63 first, imo. EOD should be interesting. Volume substantially higher than Friday.

 

[Kauri]

Where I am looking for in the med term, with a stop set @ ***

 

[ghosta]

There is a chance that later this week AGM could break the 1997 high of 69.5c!
YeeHaaar!

 

[Caliente]

evening gents. this is a solid movement in the right direction with a bullish high close - my favourite

Strapped in to take advantage of the re-rating.

position - hold.

 

[joeljp]

Kauri,....thanks for that..looks like next stop 78cents.....must buy more of these..holding only 100k at 16cents...might get another 100k at market as my 1st parcel so cheap....looking good this one...also thanks Ghosta for all that info...if by years end the price is $1.50...i shall have $300K....so I think I will do that as AGM will start producing this year....and if the Saxon stacks up to the beards prediction.look out,..this is looking real sweet in my books...happy trading everyone....

Chicken, did you manage to get in before the 10% rise today? I hope you did.

 

[Kauri]

Chicken, did you manage to get in before the 10% rise today? I hope you did.

The chook has had his truck parked under the grizzly for months..

 

[nioka]

I have said on this forum before that I see AGM as the next Sally Malay. They are moving along similar paths.A year ago SMY was at about the same SP as AGM is today. Todays price for SMY was as high as $2.55 based on it,s current production, hedged low average product price, anticipated production, and number of shares issued. I can see no reason why AGM will not have a similar price once production commences.
I am often wrong, I am near the bottom of the comp this month (to prove the point) and I have a few "dogs" in my holdings but AGM isn't one of them.

 

[chicken]

The chook has had his truck parked under the grizzly for months..

Kauri..I secured a few more at 60c....but got now a great holding of a good no of them...see what Ghosta said....THIS WILL INDEED make us the $$$$..I have to see a 1 in front before maybe selling any...hope everyone got on...this is going to be a great ride...hoping for another 10% increase today

 

[ghosta]

Kauri..I secured a few more at 60c....but got now a great holding of a good no of them...see what Ghosta said....THIS WILL INDEED make us the $$$$..I have to see a 1 in front before maybe selling any...hope everyone got on...this is going to be a great ride...hoping for another 10% increase today

Chicken look for $2 sign before selling any. It will be there next year for sure.

 

[chris1983]

Got my girlfriend 10,000 of these in the mid 30's. Thats the best way to make your girl fall more in love with you. She has shopping in her sights now. haha

 

[ghosta]

Got my girlfriend 10,000 of these in the mid 30's. Thats the best way to make your girl fall more in love with you. She has shopping in her sights now. haha

Take it from me, you have made an error of judgement here. The last thing you want to do is encourage your girlfriend to go shopping. She'll want to do it all the time. Its addictive. Sounds like its too late now......unless you can convince her to hold those shares till they reach $3.

 

[chris1983]

Mate shes been shopping for way too long. She was addicted a long time ago. haha

 

[GOYCO]

Another important milestone reached today..All is travelling well. Really interested in Melba..The main reason I was put onto AGM years ago was Melba flats, hardly even gets a mention these days. $3 does sound better than 1 or 2

cheers

 

[ghosta]

Another important milestone reached today..All is travelling well. Really interested in Melba..The main reason I was put onto AGM years ago was Melba flats, hardly even gets a mention these days. $3 does sound better than 1 or 2

cheers

Tony HR keeps mentioning that they need to drill deeply in the area. I think he thinks the mother lode is there underneath. A big pile of high grade stuff.
Hope its there!

 

[Halba]

this is worth $1.20

basis: see peer valuation with WSA

 

[zombie_ninja]

Is AGM the only new Nickel mine that's coming online this year? What about AUZ? Don't they produce Nickel as well?

I am just surprised at the difference in price between AUZ and AGM.

Then again, I'm new to mining stocks and how their share prices are evaluated.

 

[Sean K]

this is worth $1.20

basis: see peer valuation with WSA

Are you saying the market caps v resources compare?

Has anyone else done a comparison?

 

[ghosta]

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 .................................

Remember this Satvin in Sept last year. Its happenning....!

 

[Halba]

yup WSA has about 100,000t, and mkt value about $650m

AGM has about this same amount, mkt cap $470M. It can theoretically go up by another $200m. AGM does not have hedging, WSA have hedged some initial production. It can be argued both have identical production profiles and exploration prospects. Also add another $100m due for the fact it gets into production(and WSA increasing their cap for the same reason). Mkt cap may end up about $700-750M when fully producing, which reflects a possible cash surplus of about $220M pre tax provided ni @ $13-14/lb


SMY is about $520M mkt cap and it produces about ~10,000t per annum. However its cash costs is over $5-6/lb. AGM's cash costs are about $2.20C1 or total maybe around $3.50USD. Thats about 1/2 the cash costs. Also SMY's reserves would be nearly 90,000t (and growing) taking into account the latest drill results. SO AGM bit higher reserves, but much lower cash costs means if all else is equal its mkt value should be a lot higher than SMY (less SMY's cash it gets from this boom period). SMY also has some minor hedging, but essentially its pretty much finished. MCR also has hedging and identical mkt cap/reserves profiles but again similar or a bit lower costs to SMY.

 

[savtin]

Ghosta,

It is great to see...............and when this enters the ASX200 watch all the fund managers scramble to buy it for less than a buck..................it is definitely looking great at the moment..............all we need now is some encouraging drill results from saxon or melba and this will go crazy.......