AGM - Allegiance Mining
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Chicken you havent answered my challenge.
You keep raving on about "Do your research" yet you havent done much yourself.
For example there are about 650 million AGM shares not 200 mill.
Saxon deposit has only ONE drillhole not heaps.
If you cant get these fundamentals right youre just mouthing off.
Porkpie, dont be afraid to hang on. We will get our shares at 31c by the end of the week. AGM has had its run today- the 35c barrier is in place. They will be back to 33.5c tomorrow.
You keep raving on about "Do your research" yet you havent done much yourself.
For example there are about 650 million AGM shares not 200 mill.
Saxon deposit has only ONE drillhole not heaps.
If you cant get these fundamentals right youre just mouthing off.
Porkpie, dont be afraid to hang on. We will get our shares at 31c by the end of the week. AGM has had its run today- the 35c barrier is in place. They will be back to 33.5c tomorrow.
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Yes I thought that 200mil shares was a bit light, I see that the spp price is .311c per share I would'nt be suprised if thats going to be the price they could go to so you should Ghosta, get your order filled. porkpie
Ken, you are right..Ghosta and Porkpie are wanting to buy shares at 30cents... closed strong today....at 35.5cents.....their total shares are 629million shares...looking all great for further upside..yeeeeeaaaahhhh.... go you AGM train...their market cap is around 200million....but have billions of NICKEL resources in the ground with a $1.5billion contract in place...Ken said:
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Chicken- the nickel is still in the ground. Thats why Ill get shares at 31c later this week and in three years time sell them at 50c. YeeHar.
You have over 200k shares- well done. You should be able to buy a Kia Rio in 3 years time if they do reach 50c!
You have over 200k shares- well done. You should be able to buy a Kia Rio in 3 years time if they do reach 50c!
Be carful buying that brand of car as its south Korean....you never know they might get bombed out...as the north are talking like that..I drive a TOYOTA...great motor cars...and have also got a FORD..so your Rio are no good to me...LIKE the FORD no1...and Toyota for its economy...so FORD for towing..as far as AGM...it will be more like a $1+ than your 50cents...but will be happy with whatever we get over 40cents...go yeeeaaahhh AGM train..ghosta said:
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Looks ike "Chicken" is too chicken to take the bet........Lots of noise an yeehaas but no guts.....
31c looking good.
31c looking good.
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Grab 36.5c now while you still can.
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Take the money now. All ords drpped below start point. You can always buy back in with me at 31c.
That's about the same advice I got from a day trader a few months ago at 25c. Glad I took no notice. Each day is one closer to production and the big rewards so why would the price fall? Has the mine collapsed or something else drastic happened?ghosta said:
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No, this is still a good stock thats why Im buying in at 31c. Its volatile due to hype generated by some out there ("should be $1"), and wishfull thinking.
Got to look at the fundamental values behind it- ore in the ground still, sure to be delays, Saxon "find" could easily be nothing, deal with Bluestone gone sour, nickel prices good now but sure to drop by the time production happens.
But its a long term stock unless you want to take advantage of the volatility we see now.
Got to look at the fundamental values behind it- ore in the ground still, sure to be delays, Saxon "find" could easily be nothing, deal with Bluestone gone sour, nickel prices good now but sure to drop by the time production happens.
But its a long term stock unless you want to take advantage of the volatility we see now.
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I forgot to add that there are around 650mill shares. Lets do a comparison with say Smy with around 200 million shares. Every dollar of profit has to be shared with 3X the number of shareholders. So to compare with Smy a shareprice of 30c is equal to a share price Smg of 90c. They are producing.
Remember this is a low grade resource 0.7-1.2 % nickel mostly. Sure mining costs may be cheap but you have to mine and process twice the amount to get the same amount of nickel as most other mines.
Its not going to be easy money like some have interpereted the presentations by the company.
Remember this is a low grade resource 0.7-1.2 % nickel mostly. Sure mining costs may be cheap but you have to mine and process twice the amount to get the same amount of nickel as most other mines.
Its not going to be easy money like some have interpereted the presentations by the company.
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Thats exactly how I have been reading AGM, and thats why I sold and will buy in again on weakness. porkpie
Tomorrow..in PERTH......Australian Nickel conference....one of AGM directors giving a presentation....so something or someone knows something as volume again large for the day...will their be a afternoon rally...watch what happends...Ghosta is just wishful thinking.....LOLOLOLOLOLOchicken said:2million shares traded..hitting 37.5cents..its through the resistance...sellers disapearing...will we hit 40cents today...????
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