AGM - Allegiance Mining
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Sean K
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Chicken, when will AGM get into the ASX300? Where is it placed now?chicken said:
After reading your post No95 (can we quit job and invest full time) I can understand why you sold AGM. It is because you don't know what you are doing. Let's hope your fathers business can stand your mistakes when there is a down turn. Are you trying to prove the saying "One generation makes it, the next one spends it".Halba said:
I'm still waiting for those better tips.!!!!!!!
Sean K
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Chicken, I'd actually like to know. I like this stock, but I'm trying to see through the noise....Do you know how it's placed, or how we can find out?chicken said:I understand....watch the march ASX300 news.....
I've stopped taking you serious. I'm stilllllll waiting for your better tips. By the way my daughter rang today with a problem. She wants to cash in her SMY shares that I told her to buy at 72c when her broker said not to. She will have a tax problem because she will make too much profit. I keep saying AGM is the next Sally Malay. What more can I say.Halba said:
Sean K
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I've been following this tit for tat with interest. Seems there's a little emotion involved to me. Will be interesting to see who turns out to be correct in the comming months. So far, it seems Halba's decision is vindicated. Not too sure about the reasoning, but the stock has gone down I believe. I actually think it will continue the upward trend eventually. Might all depend on what better valued stock he puts his money in. Perhaps he'll find something more undervalued and he'll be sitting pretty. Time will tell. All the best to all! 
Here's proof of possible delay
latest preso
"100% ownership of Avebury nickel project; production expected 3rd – 4th
Qtr 2007. Target date year-end 2007"
In their previous statement it was:
quarterly report:
2. Develop the Avebury Nickel Project in a risk-managed manner.
Progress: Project construction commenced prior to securing full project financing to expedite the commencement of production, targeted for 1 October 2007.
So they they aren't sure of when to produce? Not to mention the october date is also a delayed date.
latest preso
"100% ownership of Avebury nickel project; production expected 3rd – 4th
Qtr 2007. Target date year-end 2007"
In their previous statement it was:
quarterly report:
2. Develop the Avebury Nickel Project in a risk-managed manner.
Progress: Project construction commenced prior to securing full project financing to expedite the commencement of production, targeted for 1 October 2007.
So they they aren't sure of when to produce? Not to mention the october date is also a delayed date.
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Halba said:
Heres someone who knows absolutely nothing about Nickel Mining!
july 2006
06/07/2006 Avebury Nickel Project Update 3 PDF -
"Shipments of nickel concentrates is expected to commence in earnest in the second half of 2007"
I guess if you are patient you will reap the rewards ghosta. i'm not saying its a bad investment(i do not buy bad companies), just time in the investment!
06/07/2006 Avebury Nickel Project Update 3 PDF -
"Shipments of nickel concentrates is expected to commence in earnest in the second half of 2007"
I guess if you are patient you will reap the rewards ghosta. i'm not saying its a bad investment(i do not buy bad companies), just time in the investment!
Thanks Savtin.....for that....as far as the SP of AGM....brokers are working it robotic...trying to hold price down...bought some more for 67cents....I can wait on this one next leg up......Robotic computer trading by brokers.....savtin said:
This very high PON seems to have made a few people nervous...AGM down to 59 cents. Great buying IMO. Time will tell. Any news on the arrival of the Ball Mill? Ahead or behind schedule? What actually is involved in the commissioning of the mill? And can anyone explain why the "beards" went on an international road trip when they have already presold their nickel. Is there a deeper reason for going? Not much news coming out at present. Waiting on the latest drill results from Bison and Saxon. Will they mine Melba soon and send ore to Helyer or wait for there own mill? One gets the feeling that something is brewing, I could be wrong but information about AGM is very scant ATM
cheers
cheers
GOYCO said:
Goyco, a reply from Ghosta ....
Ball Mill- No whispers here in Tassie, 44 weeks form July so SHOULD be here by early June. Commissioning is starting it up and getting it to work. Not sure of exact process, but its simple technology few adjustments to get the floatation process running to optimum. Should not be problems here.
Beards trip. To visit Sempra Commodities, who are a metals brokering company, registered with LME. They own 4.7% share in AGM- equal to Jinchuans holdings. No doubt discussions will take place for them to handle any excess production not contracted to Jinchuan. This includes some ore which can be accessed via the Avebury decline. Doubtful we will hear any of this in the near future, but groundwork being done.
Melba- Is still some time off although groundwork for mine establishment being done. It looks to me like a stopgap measure to increase production rapidly until Saxon or Bison can come online. Could be ready late this year, more likely early next year. Wont be any holdups with red tape, Tas Govt onside will move things quickly provided all relevent docs are provided.
Saxon and Bison drilling will take time. But once they get a feel for the ore layout and amounts they will move quickly. They dont need to drill to the degree they did at Avebury to make major decisions, although thorough drillout needed to design mining stopes etc. End of this year at earliest Id say.
I dont agree that the company are not giving us much news,- Plenty of new developments forthcoming. But the main game is getting the mine and processing plant going, and they are doing a superb job here. Dont underestimate what they have achieved here- its all going to plan and on time so far. That is an amazing achievement. The management are truly superb! Probably the best mine management in Australia and thats no exaduration.
We must continue to be patient. It looks to me that they will fluke this mine coming on stream EXACTLY at the right time- thats how its shaping up.
Also,if someone missed it...AGM in the ASX 300....SP will have a lift as look at NI prices at KITCO...up over 45c US to over $20 US per lb.....Nickel prices are going balistic......AGM started mining...but will be processing in 3rd half of the year...bought more yesterday at 53cents.......once its starts processing good money will be had here
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