This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

AGM - Allegiance Mining

Jump to new
Why is ghosta banned? He is our little bud fox from tassy!

Anyhow...a post on another board indicates that AGM will receive 70-75% of market price for their concerntrates, which is about 10% more than average. Gives us some boundries to punch into those earnings calcs.

Also indicated that hedging wont be required from bank financing as Jinchuan has significantly reduced the risk with it's recent cash injection. Great news!
 

Ghosta is the whole reason I didn't bother posting on AGM too much when they were in the 20's. He owned this thread lol. I had held AGM previously from the 20's..then sold..then bought something else..then got back in..then sold. When I could see it starting to break out again it was time to get in and hold. Happy with it so far. 200% profit and its in the gf's money. Im in the good books now haha Welldone to holders. This has further to run. More discoveries will be made and recent discoveries will be extended. I'm enjoying the ride.
 
stupid said:
You're too kind Moneybags. I bought in at 32c, 46c and 60c. However I still think it was a mistake too sell.
Click to expand...
At least you are honest about it...how far will this SP rise???...You allways can get back in ...but it will average your price higher...still you may see another 100% over the next 6 months as the SP is marching north...not possible but very much probable...
 
chris1983 said:
When I could see it starting to break out again it was time to get in and hold.
Click to expand...

Good man.
I like your style, Chris, and Im a huge fan of this approach.
Wait for the sp to breakout and THEN take a position.
Makes the prospect of opportunity cost less likely.
 
I see Stupid bought almost the same parcels as me, 34.5c, 41.5c and 74.5c, still hold though. May the gains continue.
 
nizar said:
Good man.
I like your style, Chris, and Im a huge fan of this approach.
Wait for the sp to breakout and THEN take a position.
Makes the prospect of opportunity cost less likely.
Click to expand...

Yeah man same. I like the style too. When the girlfriend can see you turn her money into 2 or 3 fold they will continue to give you more. It allows you to have more funds to play with haha

I know your talking about my other style..of buying shares..I'm just messing around AGM are really powering though aren't they. I'm sure the chartists would be thinking this one is getting overheated. Not that I follow the charts..It would be just interesting to see. I'll continue to hold this for atleast another 6 months..still lots of things for the company to progress. Still need to move into production..continue their exploration in their newly found "nickel province" and Tax is another reason to hold. AGM really will be able to take advantage of high nickel prices...The further backing of Jin chuan has pretty much put a rocket under the SP.
 
Check out that Ni price at www.kitco.com its just powering ahead....AGM just about ready to mill the ore for shipment to China...Chinese have a 11% in the company...wonder if they will buy more shares as it will be in their intrest....also..production could not have come at a better time...the SP will reflect what the market thinks...looking good...I am holding...enjoy the ride as more upside is to come here....
 
Exited a couple of days early, but hopefully to jump back in after some sort of correction. Got some tzn which hopefully will make up for the agm mistake
 
Volume was good and the share showed some strength on the close...$1.025 was the lowest and $1.04 the close..profitaking may have finished ...the SP will be different once milling has begun in the last quater of the year...it is mooted that AGM may be included in the next round in the ASX200 which would mean more insto buying....the NI price just keeps on rising higher....and as the Chinese have taken a 11% stake in the company the upside is very probable....I am holding....
 
I think it was inevitable the price would drop being a Friday and the price rally it had through the week. All said and done i feel there is still plenty of upside IMO,please do your own research. The risk factors have been decreased which makes me more comfortable.
 
Geothermal energy...AGM are applying or have applied to produce geothermal energy...will be ASX announcement on monday...Ghosta just posted on HC....makes intresting reading....
 
AGM share showed strength..finished up 3.5c...to $1.09...still a lot of run left as AGM approaches production....
 
Will be seperately funded so it looks like they will spin off a seperate company. AGM shareholders getting first dibs.
 
Looks to be breaking out again. Maybe ready for another run? Could easily break its previous high today after the strong open. Consolidation time is over and we are drawing closer and closer to production?
 
Wow..really running hard now..I wonder if any profit takers will jump in. Considering a lot of profits have been taken above a dollar there are a lot of fresh holders now in the stock waiting for further rises. Looks great. Must be news soon..I highly doubt this run is due to the geothermal news they released the other day.
 
I agree with Chris, when we see a run like this announcements are usually made a day or 2 later. Maybe results from tests or could we even imagine a new deposit..
 
meeting in Sydney tomorrow....will see this Sp go higher...see www.kitco.com...Nickel just about hitting $25.....AGMs CEO worked 75hours a week to get the mine into production..is taking a break and new CEO will be signed on...should hear tomorrow who it is....old CEO staying on ...interesting times ahead for AGM holders...
 
I purchased in March @ $0.61 on prompting from key mine supplier that stock would run to $1+ pre Xmas 2007 based upon what they knew about the Tasmanian mine operation.

Personally, I doubt that there is any more gains to be had in the short to medium term, but I hope that I am wrong

 

As you said personally....well thats all it is...WHY,....as soon as production starts in the last quater.....so see who is right....as this is a quote from what everyone else thinks...but we could be all wrong and find the SP will be higher than that...
 
Hello all,

Just a simplistic view on AGM, but if you comapre this with Jubilee (AGM will produce just slightly less nickel pa than Jubilee, 8500mts for AGM, Jubilee 9500mts), and you take into account the total shares on issue, you will find that currently AGM shud trade closer to low $3's...maybe a few cents more.

Ofcourse there are differences, like Jubilee is already producing...but if the nickel market holds, AGM will not be that far behind...maybe pushing past the $2-$2.50 mark by the end of the year if the mill startup all goes to plan.

Just my simplistic thoughts...
 
You must log in or register to reply here.

Similar threads

Wise Advice for Investors and Traders on "Experts"
Replies
3
Views
662
Smurf1976
R
Can trading platforms change the value of candles that have already closed?
Replies
8
Views
1K
peter2
Trading Mastery course, Stock Doctor & Morningstar Investor
Replies
9
Views
2K
Skate
  • Article
Resources for Systematic/Algorithmic Trading
Replies
12
Views
2K
Richard Dale
R
Your Checklist Strategy Investing
Replies
7
Views
1K
robertbanking
R
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...