AGM - Allegiance Mining
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How come their recent presentation doesn't mention anything about the off-site Avebury processing that may be happening in November? Not on the cards anymore?
hI chicken and Chris,
I too have been in this stock for ages and have built a quite substantial holding, although recently I have become dissallusioned by the AGM blue sky potential.............the market knows about the AGM story , whether it be the Saxon discovery or the impending start to production from Renison....and has valued it at between 30 to 33 cents per share..........crazy as it may seem.......i have an inherent value of well over $1.00 but it doesn't mean anything....the market is going to pay me 33cents for my shares and that is it........i really don't know why,,.....maybe the market feels that there are better nickel stocks around.........look at SMY's intersections today or MCR which are both producing....................maybe AGM has come to the party alittle late.................anyway maybe the NOV/DEC start won't eventuate......because if they were certain of producing you would think the inside money (smart) would have bid the price to well over 50cents by now.............
No this is one hell of a frustrating company (regardless of my high regard for the team and company) at the end of the day it is the market that will decide the price it will pay and with all the information out there for the market has decided.........33cents
...............
...........and to consider how much more information we have had since the announcemnt of the offtake agreement ...........the stock price hasn't budged much.pretty dissapointing..........................too many shares on the register................
I too have been in this stock for ages and have built a quite substantial holding, although recently I have become dissallusioned by the AGM blue sky potential.............the market knows about the AGM story , whether it be the Saxon discovery or the impending start to production from Renison....and has valued it at between 30 to 33 cents per share..........crazy as it may seem.......i have an inherent value of well over $1.00 but it doesn't mean anything....the market is going to pay me 33cents for my shares and that is it........i really don't know why,,.....maybe the market feels that there are better nickel stocks around.........look at SMY's intersections today or MCR which are both producing....................maybe AGM has come to the party alittle late.................anyway maybe the NOV/DEC start won't eventuate......because if they were certain of producing you would think the inside money (smart) would have bid the price to well over 50cents by now.............
No this is one hell of a frustrating company (regardless of my high regard for the team and company) at the end of the day it is the market that will decide the price it will pay and with all the information out there for the market has decided.........33cents
..........................and to consider how much more information we have had since the announcemnt of the offtake agreement ...........the stock price hasn't budged much.pretty dissapointing..........................too many shares on the register................
Intresting ,but not quite as I see it..there is a BIG BUYER buying stock...he is been playing the capper as well..could also be severall holders who are accumilating big..as soon as the price rises..the capper puts some cheap shares back..been happening for a while...but we will see what happends as intrest has returned to this stock...but should rise gradually depending if the capper had his fill...that is whats been happening here...but a bigger price for sure...as they said today there is a lot of Nickel there....savtin said:hI chicken and Chris,
I too have been in this stock for ages and have built a quite substantial holding, although recently I have become dissallusioned by the AGM blue sky potential.............the market knows about the AGM story , whether it be the Saxon discovery or the impending start to production from Renison....and has valued it at between 30 to 33 cents per share..........crazy as it may seem.......i have an inherent value of well over $1.00 but it doesn't mean anything....the market is going to pay me 33cents for my shares and that is it........i really don't know why,,.....maybe the market feels that there are better nickel stocks around.........look at SMY's intersections today or MCR which are both producing....................maybe AGM has come to the party alittle late.................anyway maybe the NOV/DEC start won't eventuate......because if they were certain of producing you would think the inside money (smart) would have bid the price to well over 50cents by now.............
No this is one hell of a frustrating company (regardless of my high regard for the team and company) at the end of the day it is the market that will decide the price it will pay and with all the information out there for the market has decided.........33cents
...........and to consider how much more information we have had since the announcemnt of the offtake agreement ...........the stock price hasn't budged much.pretty dissapointing..........................too many shares on the register................
Hi savtin,
It needs another 2-3 months IMO before it really powers up. You have to realise a capital raising was just done at a discounted price. Some holders may sell some of their stocks when they are released on the market.
I believe it is a safe sure bet. I hope it doesnt power up just yet because I would like to get more. If it does i still hold a few so its all good.
It needs another 2-3 months IMO before it really powers up. You have to realise a capital raising was just done at a discounted price. Some holders may sell some of their stocks when they are released on the market.
I believe it is a safe sure bet. I hope it doesnt power up just yet because I would like to get more. If it does i still hold a few so its all good.
savtin said:hI chicken and Chris,
I too have been in this stock for ages and have built a quite substantial holding, although recently I have become dissallusioned by the AGM blue sky potential.............the market knows about the AGM story , whether it be the Saxon discovery or the impending start to production from Renison....and has valued it at between 30 to 33 cents per share..........crazy as it may seem.......i have an inherent value of well over $1.00 but it doesn't mean anything....the market is going to pay me 33cents for my shares and that is it........i really don't know why,,.....maybe the market feels that there are better nickel stocks around.........look at SMY's intersections today or MCR which are both producing....................maybe AGM has come to the party alittle late.................anyway maybe the NOV/DEC start won't eventuate......because if they were certain of producing you would think the inside money (smart) would have bid the price to well over 50cents by now.............
No this is one hell of a frustrating company (regardless of my high regard for the team and company) at the end of the day it is the market that will decide the price it will pay and with all the information out there for the market has decided.........33cents
...........and to consider how much more information we have had since the announcemnt of the offtake agreement ...........the stock price hasn't budged much.pretty dissapointing..........................too many shares on the register................
hi savtin, the way I see it, the news keeps getting better and better, they will probably bring forward production, they are making discoveries, nickel is holding up well.....I think this will be a very nice performer, just give it a little time...and I agree with Mr Chicken it has been capped somewhat. A shame it is isn't producing right now, but as production date nears it should be strongly rerated, as you say looking at double or treble from here within 18 months....and that isn't a bad return
Well, looks as we are finalLy on the move....this stock is about 60% undervalued as now the market cap is only $220 million....there is over 10years of mine life and maybe even longer...new SAxon discovery only 800meters away....and they are ready to mine...read what was said....at the mining conference...this one should soon move north as the market cap should be closer to $350million....then present figures...there has been someone capping this stock as he is buying aLL THE TIME....make your research
Nickel at all times high and AGM is lagging as usuall.............what a pathetic stock...................capper or no capper this is crazy............... i mean if someone or some large find or company wanted the stock big time they would be buying the stock like there was no tomorrow........and the cappers(manipulaters would not be able to do what they are doing)..........there are obviously no interested parties.................. i am afraid AGM will be the stock that came to the party too too late...................
I am starting to dislike the numbers 30 to 34 inclusive. Feel like we are stuck in mud.........concrete i meant.
I am starting to dislike the numbers 30 to 34 inclusive. Feel like we are stuck in mud.........concrete i meant.
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i agree, just look at CBH the last 2 days,why ar'nt cappers hitting them. In spite of all the crowing about AGM its failed to keep up with its peers, I'm still happy to have closed out at a profit during this cap raising period. porkpie
savtin said:Nickel at all times high and AGM is lagging as usuall.............what a pathetic stock...................capper or no capper this is crazy............... i mean if someone or some large find or company wanted the stock big time they would be buying the stock like there was no tomorrow........and the cappers(manipulaters would not be able to do what they are doing)..........there are obviously no interested parties.................. i am afraid AGM will be the stock that came to the party too too late...................
I am starting to dislike the numbers 30 to 34 inclusive. Feel like we are stuck in mud.........concrete i meant.
they aren't producing yet so price of nickel isn't going to directly impact them at this point in time, if you want direct expsure buy a producer, if you don't want to double your money in the next 12 months sell now, it seems a pretty good deal to me though...wonder what people expect? 10% rises a week?
I would sugest you do your research..and read what is happening..AGM is starting production in Nov2006...with a partner...who will also be paid very well...THIS IS GOING TO BE A PRODUCER IN 4 WEEKS..does that not tell you something and at over $30k a ton....must be bloody cheap....I bought I am holding and I did my research....DO YOUR RESEARCH....will make us shareholders a LOT of $$$$$Broadside said:
chicken said:I would sugest you do your research..and read what is happening..AGM is starting production in Nov2006...with a partner...who will also be paid very well...THIS IS GOING TO BE A PRODUCER IN 4 WEEKS..does that not tell you something and at over $30k a ton....must be bloody cheap....I bought I am holding and I did my research....DO YOUR RESEARCH....will make us shareholders a LOT of $$$$$
from what I have heard and read November / December is a big ask and on the optimistic side....I will gladly be surprised if they do deliver. And so will the market because it doesn't seem to believe this calendar year either.
Broadside said:
and AGM has just announced that negotiations with Bluestone for early production haven't been finalised...I believe market has already factored this in, for me nothing has changed, still excellent value. But no production this year Mr Chicken.
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If AGM does fail to dig anything up when promised then the sp will take a hiding, and investors will be very wary of any future projections.There are just to many good producing nickel miners around now making plenty of money. porkpie
today's announcement and the lack of price reaction shows it was factored in, if they do get early production treat it as a bonus and the price will rise accordingly. Company has delivered thus far not sure why so many are getting so frustrated. It's all good. Anyway I will come back to this thread in 6 months and we can talk about frustration then, if it isn't already 50 cents plus.
Anyway I will come back to this thread in 6 months and we can talk about frustration then, if it isn't already 50 cents plus.- Joined
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That could possibly be correct,time will tell.I still think AGM is a good co thats why I have traded AGM my first buy being 07/05/02 at .048c, have traded many times since and all have been winners, have a limit order in now and will buy on any weakness, but until it starts producing and all the problems ironed out AGM will remain a trader for me.porkpie
Porkpie....they have allready produced 6000tons as trail..they have a hugh deposit..its easy to get at and someone bought just all the 33cents plus most of the 33.5cents stock...production WILL NOT BE A PROBLEM..AS their % of Nickel is VERY high..and not mixed with other ore deposits..you should make your research before posting your waffel...as it helps no one...and post facts not what you wish it to be....this one is going to make a lot of $$$$porkpie324 said:
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OOOOPS looks as if I have ruffled some feathers, read the facts i have, and if you read my posts with two eyes you may notice i do infact agree with you, however as I have posted, when a miner has yet produce anything or is relying on new machinary to process the ore caution is warranted thats all i've saidporkpie
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