AGM - Allegiance Mining

[d_crome]

Trading halt? Anybody have any idea what's the cause of this?

Hopefully it's good news (as I can see nothing but good things for the future of AGM).

 

[rustyheela]

Had a bit of a search around and it doesnt seem any other stox r in a trading halt. Hope you are rite about the good news!!

 

[GOYCO]

Chicken

What do you think is up? On HC seems we have 5 choices ( probably more)
1) Capital raising ( I think unlikely as AGM have heaps of cash and arrangements with the banks etc)
2) Takeover ( Seems to be a strange time for this but possible)
3) Big find, bid increase in reserves ( never been a trading halt before cause of this)
4) New order for another Ball Mill
5) Process ore from Melba at Helyer Mill

cheers
Goyco

 

[jj0007]

Goyco. Only point 1 and 2 warrant a trading halt till Wed. My money is on a cap raising.... $10-15m.

Point 3, 4 and 5 would only require a trading halt if news leaked...and judging by previous trading days I don't think anything major has leaked.

 

[chicken]

Chicken

What do you think is up? On HC seems we have 5 choices ( probably more)
1) Capital raising ( I think unlikely as AGM have heaps of cash and arrangements with the banks etc)
2) Takeover ( Seems to be a strange time for this but possible)
3) Big find, bid increase in reserves ( never been a trading halt before cause of this)
4) New order for another Ball Mill
5) Process ore from Melba at Helyer Mill

cheers
Goyco

I wonder...but look at MLX with their 2.5million tons of Nickel...and the same Chinese partner...maybe that is the answer....but must be important as AGM has just brought out good news....this could be important as this would turn into a hugh company if this happends....check it out....all good news here..I am holding AGM since last year at 25cents....see Ghostas posts he told you all.......the facts were posted

 

[GOYCO]

Don't buy it Chicken

Why get messed up with Laterites? Really no synergies there. Processing completely different. The simplest explanation seems to be capital raising. I could be wrong

cheers

 

[jj0007]

Well its a placement. A big one... $38.5m.
The Chinese will take as much nickel as they can dig out......

Surprised at the size of the placement.

 

[chris1983]

Well its a placement. A big one... $38.5m.
The Chinese will take as much nickel as they can dig out......

Surprised at the size of the placement.

The placement is good. Better to have those shares in the hands of a large investor like Jin-Chuan than anyone else.

 

[doogie_goes_off]

80c a share seems a lillte cheap, but I suppose it doesn't matter if you raise big bucks to make things happen

 

[jj0007]

Placements are always done at a discount. 80c is ok I reckon.
Can someone confirm that 11% now is enough to block any potential nasty takeovers? I can't remember whether it was 10% or 15% that is sufficient to block.

Also interview on BRR. Still requires further funds which will be done through the banks.

 

[chris1983]

80c a share seems a lillte cheap, but I suppose it doesn't matter if you raise big bucks to make things happen

Its not bad. They only broker over 80 not too long ago..and to raise that much money from Jin-chuan shows a lot of confidence from them.

Just touched a dollar..this is a good run.

 

[pennystock]

Lovely to see AGM hit a dollar today. Lets hope the gains continue, I'm sure they will.
The backing they have makes this company alot stronger in my opinion.

 

[chicken]

Lovely to see AGM hit a dollar today. Lets hope the gains continue, I'm sure they will.
The backing they have makes this company alot stronger in my opinion.

I agree with what you say.....the Chinese taken a 11% shareholding in AGM...and now AGM is just about bulletproof....everything SOLD....ball mill is being installed...mining had begun and ore stockpilled for processing....looking good....Ghosta pointed and posted on that....

 

[GOYCO]

Time to sit back and relax and wait for production to start and then wait for the revenues to come pouring in. Congratulations to all long term holders

cheers

 

[runningrugby]

Nice call from Goyco..

I could not have put it any better my self.
The only problem i can see in the future for the nickel industry
and market is companies substituting non nickel products into production.
Eg non nickel stainless steel.

 

[windwalker]

You got it right Running, how farsighted was Goyco, personally I am enjoying the relaxing (with scotch) watching the price head North - may it continue for quite some time

 

[GOYCO]

Thanks Guys but in reality "All hail Ghosta" grumpy so and so that he is. Banned from this forum. Early days, the real growth is still to come.

One day in the not too distant future we can all sit back and discuss how we "made it" from this company. Bring on production.

Good luck

cheers

 

[stupid]

How stupid, exited agm yesterday and the sp increased by 9% today. not looking forward to tomorrow

 

[Moneybags]

How stupid, exited agm yesterday and the sp increased by 9% today. not looking forward to tomorrow

Hey Stupid ( I think you should change your nic ), that's just the way it goes sometimes, it wasn't a stupid move if you locked in some profit. After all no one knows for sure which way a share will go after you buy or sell.

MB

 

[stupid]

Hey Stupid ( I think you should change your nic ), that's just the way it goes sometimes, it wasn't a stupid move if you locked in some profit. After all no one knows for sure which way a share will go after you buy or sell.

MB

You're too kind Moneybags. I bought in at 32c, 46c and 60c. However I still think it was a mistake too sell.