Australian (ASX) Stock Market Forum

AGM - Allegiance Mining

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Ghosta I remember you knocking AGM at around 30 cents saying it was going nowhere. Then when it went you changed your mind and said you actually owned AGM shares, and a heap of them.

You have just as much credabilty as the next person, which is none...
 
No bagging here, you're just too slippery to answer a simple question.

If you're going to compare AGM to other Nicklers in value or make some projections on AGM's future share price as compared to the past price actions of its peers, at least make the reasoning stack up!
 
Oh dear...Ken why dont you read my posts again.....I have never said AGM was going nowhere.
Please be constructive on this forum.
I see ypou have taken sides with the ill informed one. Then talk about credibility? HA
 
Freeballinginawetsuit said:
No bagging here, you're just too slippery to answer a simple question.

If you're going to compare AGM to other Nicklers in value or make some projections on AGM's future share price as compared to the past price actions of its peers, at least make the reasoning stack up!
Click to expand...

Exactly. Why dont you?

Incidently, I personally dont know much about SMY and hence wouldnt attempt to compare it with AGM in other than a general way. I know its ore concentrate is a lower quality and % than AGMs and the production costs are nearly double that of AGM, and that its likely that AGMs production will be much more than SMYs within a few years, but I cannot compare the SPs.

Nioka made the original comparison.
 
For arguments sake, what makes AGM worth more than say VRE? Whilst AGM isn't planning on production for a few years, VRE will be in production next quarter. I'd say that is a much fairer comparison.
 
Really!, now your quoting forecasts of AGM as opposed to an actual producer cashing in on high Nickle prices ATM. You have missed the point entirely

I hope AGM delivers on their forecasts and you do well, its all about us punters making money....thats all.

Sorry I posted on your AGM thread :eek:

Chops,

I think AGM will be producing in the second half of 07, VRE will produce soon at Bronzewing (but thats gold), their Nickle interest with MCR is a while off production yet.
 
chops_a_must said:
For arguments sake, what makes AGM worth more than say VRE? Whilst AGM isn't planning on production for a few years, VRE will be in production next quarter. I'd say that is a much fairer comparison.
Click to expand...

There are so many variables its difficult to make comparisons. But its even harder when you attempt to make comparisons without knowing much about one or both companies. When you make mistakes people like me will correct you and it sometimes make you look a little foolish. (Im talking about You in a general sense, not you personally). Best avoid comparisons unless you know both companies well.

Nioka only made a very general comparison.
 
My comparison of AGM with SMY, while general, is based on my interpretations of information as I understand them. My interest in AGM came because I had good results investing in SMY while it was developing it's mine. I could see AGM going along similar lines. I agree that AGM will have to prove additional reserves but I believe it is on the way towards that end. It does have a larger share holding but I believe that is offset by a much lower cost of production and less hedging. It has a strong financial position I believe.
 
ghosta there are other nickel mines like Ambatovy in Madagascar(online by late 2009/ 2010), Raventhorpe(online 2008)

both are >50,000t ni

This doesn't include the cumulative effect of 10,000tpa increases in production by every nickel miner on this planet

when pricing nickel stocks, they have about 2-3 good yrs left in the tank, after that prices decline somewhat, just look at zinc(declining) and copper(getting hammered), oil (declining) as examples of what commodities do after strong peaks

i won't be buying at the tops!
 
Halba said:
ghosta there are other nickel mines like Ambatovy in Madagascar(online by late 2009/ 2010), Raventhorpe(online 2008)

both are >50,000t ni

This doesn't include the cumulative effect of 10,000tpa increases in production by every nickel miner on this planet

when pricing nickel stocks, they have about 2-3 good yrs left in the tank, after that prices decline somewhat, just look at zinc(declining) and copper(getting hammered), oil (declining) as examples of what commodities do after strong peaks

i won't be buying at the tops!
Click to expand...

Thats fine- you can do whatever you like. But you are very mixed up about commodity prices- are you using 2 year old data? But I do agree that most producing nickel stock appear to be near their tops, and the best value about is in AGM.

Im just pleased Ive gone to the trouble to have done thorough research and will benefit from the high nickel prices over the next decade!

But for those who are interested in the nickel outlookfor the future, if the Goro project went ahead and all proposed future nickel projects came in on time, there may be a short period in 2010 when supply was close to meeting demand. This scenario is unlikely in any case, but if Goro didnt go ahead there would be no chance of supply meeting demand in the next decade unless there was a recession worldwide.
 
ghosta said:
But for those who are interested in the nickel outlookfor the future, if the Goro project went ahead and all proposed future nickel projects came in on time, there may be a short period in 2010 when supply was close to meeting demand. This scenario is unlikely in any case, but if Goro didnt go ahead there would be no chance of supply meeting demand in the next decade unless there was a recession worldwide.
Click to expand...

Hi Ghosta,

I'm looking into AGM at the moment as a possible purchase. Can you post a link to your research above

Cheers :)
 
Anyone wishing to top up would be advised to take action soon. Today is likely to be the last day where high volumes are traded (>1.5m shares).

As soon as the volume drops down the SP will be on the rise again if it continues to follow the established pattern.

Bear in mind also that the 4th Quarterly results are due out this week, possibly later today. If there are any positive Saxon drill results- watch the SP.
 
ghosta,

did you see the additional drill results for SAXON.....12.7 m at 1.2% 4 m at 1.7 % .....8 m at 1.2%.............it is all looking VERY good..........its amazing how the SP seems to ignore the good results..................also tony wants to increase production to 10,000 tonnes per year and the market has cotton wool in their ears or fogged up glasses.....................better for us .........top up time.............i bought some more yesterday ...looks like i will buy tomorrow some more tomorrow for a cheaper price...........mind you i have my shares from the early days 10cents to 15cents but still couldn't help feel that the SP has so much more to gain. Hence the top ups.

cheers
savtin

GO AGM
 
Satvin, Im afraid there will be some people who will be unhappy with todays announcement. They expect Saxon drill results to be 100m intersection of 10% nickel, and anything less means its a dud.

What a few people dont realise is that it takes time to drill out a line of lode, which has areas with lots of nickel in it and areas with none. Sometimes its deeper than they are looking or a little further east or west. It took ten years to drill out Avebury yet now it should be possible in 3 months, according to some. The first months are the hardest as drilling has to show areas to drill next;its like putting a 100 piece jigsaw puzzle together with only 3 pieces and expecting a recognisable picture.

Other people will say the announcements mean nothing really everything the same as it was 3 months ago.

Is there news of cost blowouts?
Is there news of delays in supply of equipment?
Is there news of miners striking?
Is there news of industrial accidents?
Is their news of environmental groups protesting?
Is their new of fianancers trying to pull out?
Is their a labour shortage?
etc etc

Well there is none of these at all. That in itself is amazing.
Show me one- (just one) company trying to get a new mine into production who doesnt have at least two of the problems.

In my view the Quarterley report shows ALL is going to plan, you beauty! Yee Haar!
 
Well the charts look like the second downturn since the SP hit 70c is nearly over. This time the numbers of trades per day were less than the first downturn.

Hopefully the Squealers have finished.
(I like to think of those who squeal like a stuck pig- the sky is falling- nickel prices are going to drop- agm cant sustain this price- as squealers!)

Back to buisness!
 
Nice Article about Avebury in February Edition of Australias Paydirt.

Yes, good old Ghosta's noggin is in the second photo on page 76, Almost exactly dead center of the photo. I'm chatting to the mine geologist- his parents were sitting next to us. They are shareholders too- but thats another story........

link here to article- note incorrect date
http://www.allegiance-mining.com.au/default.asp?id=66
 

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