AGM - Allegiance Mining

[joeljp]

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

Chris, you'd be better off convince your g/f to park more money into AGM instead of shopping. You both will be shopping in style by mid 08!

 

[Halba]

lol chris

i got 30,000

best of all no gf so i keep it all to myself!!!

 

[ghosta]

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........

I dont know much about the ASX200- obviously you think it will make a lot of difference when AGM becomes part of it- do fund managers only buy ASX200 stocks?

Do you reckon they will even notice AGM has become part of it?

 

[nioka]

I dont know much about the ASX200- obviously you think it will make a lot of difference when AGM becomes part of it- do fund managers only buy ASX200 stocks?

Do you reckon they will even notice AGM has become part of it?

Some funds can't invest in stocks unless they are listed in the asx200. Also the leverage is better in shares included in that index than for those that aren't. It will create a demand for the stock if and when it gets there.

 

[Sean K]

I might be wrong here, but I have heard that going into the ASX200 isn't necessarily great for a stock...... The theory is that funds have to buy, who are longer term holders, and therefore the stock becomes less liquid with potentially lower volume and steadier, albeit relative price action. The stock wouldn't necessarily therefore have massive gains or losses in any short term period. I remember this being bandied about when WOR was admitted..anyone else hear that? I might be totally off track here.

 

[joeljp]

I might be wrong here, but I have heard that going into the ASX isn't necessarily great for a stock...... The theory is that funds have to buy, who are longer term holders, and therefore the stock becomes less liquid with potentially lower volume and steadier, albeit relative price action. The stock wouldn't necessarily therefore have massive gains or losses in any short term period. I remember this being bandied about when WOR was admitted..anyone else hear that? I might be totally off track here.

I don't think liquidity will be a problem for AGM given the amount of shares issued. Even on real quiet days, it always manages to trade close to a million shares. Yesterday, I think it was close to 10m. It can only be good for AGM once it's on the fund managers' radar.

 

[ghosta]

So when will AGM go into the ASX200 list?

 

[joeljp]

So when will AGM go into the ASX200 list?

I read somewhere that the re-rating of who's who in ASX200 & 300 happens twice a year, March and September. I could be wrong.

 

[ghosta]

Quarterly report due out this week.
Wonder if there will be any news on Saxon?

 

[Freeballinginawetsuit]

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.

I fail to see the comparrison with AGM and SMY a year ago. Nickle has come along way since then and so has AGM's share price.

SMY has a third of AGM's shares on Issue.
AGM's forecasted tonnages of Nickle are 8500 tn, with a current market cap of about 450mil, their EPS isn't that flash considering their peers.

AGM's a late starter in a Nickle market that is way extended from a year ago. SMY is now in a position to have profitted from high Nickle prices, deliver on exploration, time for management to prove themselves and deliver on their hedges (which they did so as not to dilute their shares on issue and keep the banks at arms length).
They were in the midst early (cashed up) and their future is bright, Nickle still needs to hold up though!.

The market has factored the current Nickle spot into AGM's share price (hence their Market Cap) and then some. AGM are yet to deliver on any forcasted tonnages, mine the dirt or prove their plant, management prove itself, deliver on some future exploration targets and manage a contractor such as Barminco.

AGM's present SP is a premium on its peers EPS's and their are so many unknowns yet to be proven.

Each to their own though, I hope they go up a bucketload.

 

[ghosta]

AGM are yet to deliver on any forcasted tonnages, mine the dirt or prove their plant, management prove itself, deliver on some future exploration targets and manage a contractor such as Barminco.

I do wonder how people can be so uninformed as to suggest that AGMs management has not yet proved itself. Im not sure what else they need to do to prove it!
Probably the best and most experienced nickel managment in Australia and they cop this **** from people...!!!!!

 

[Freeballinginawetsuit]

I wasn't having a go,

It would be a given that all management is experienced. Isn't that why you advertise, check CV's and employ the most suitable people to the position.

The point was 'are they experienced in the management of the mine who's Company you hold shares in'. I was under the impression it wasn't ramped and operational.

 

[Kauri]

I was under the impression it wasn't ramped and operational.

Whaaaat!!! He may be missing lately, but the chook frequents this thread often...

 

[ghosta]

I wasn't having a go,

It would be a given that all management is experienced. Isn't that why you advertise, check CV's and employ the most suitable people to the position.

The point was 'are they experienced in the management of the mine who's Company you hold shares in'. I was under the impression it wasn't ramped and operational.

OK. Perhaps you should check their website, annual reports etc. Should give you a better idea what they have already achieved.

I think you might change your mind about the SP being "too high" too! I dont think there are too many people who are well informed about the company and its achievements would agree that it is!

 

[ghosta]

Whaaaat!!! He may be missing lately, but the chook frequents this thread often...

Chicken informed us on Hotcopper Forums that he had been suspended for a week from this site. That was nearly a week ago......

 

[Freeballinginawetsuit]

Hmmmm........ Do these guys have an operational mine or not. Simple enough question.

 

[ghosta]

Come on, you cant have made all those statements about AGM without having read at least the last announcement made by the company could you?

I think your credibility may suffer somewhat in asking that question.

 

[Ken]

are ghosta and chicken the same person????

 

[Freeballinginawetsuit]

Seriously the facts of the matter are per my original post, as you well know. They havent sold a pound of Nickle yet The point made was a valid one and only my opinion, thats all I was offering!.

Obviously you see value in AGM and thats the Nickler you chose, all the best with them


A look at their management reveals nothing spectacular although theyve had the noggin to utilize Barminco to move the dirt (they're a quality outfit), thats in their favour

 

[ghosta]

We welcome informed debate on the AGM forum. But when you bag out AGM you should at least have done some rudimentry research.

Strange how when Chicken ramps up AGM without repeating his reasons why, he gets suspended from the Forum. But this character Bags out AGM without giving informed reasons he gets away scott free. Administrator- shouldnt he at least get a warning?