Thats only the case if the meeting does go thru as planned (successful). Otherwise I can see most of the current value being wiped out.
AGY - Argosy Minerals
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Thats only the case if the meeting does go thru as planned (successful). Otherwise I can see most of the current value being wiped out.
Originally Posted by siempre33
Buy orders will be lined up from here to Bujumbura when AGY resumes....
UPKA replied:
"Thats only the case if the meeting does go thru as planned (successful). Otherwise I can see most of the current value being wiped out."
oh, I think the co. has a pretty good idea of what's going on, since they have already made financial provision for a JV partner at the Mousangati project....as I've noted before,
*ATPTB*
*all the powers that be* are wishing us well, as it were.....
the IMF, World Bank, UN, major mining co.s....all want to see mining projects progressing in Burundi...
Buy orders will be lined up from here to Bujumbura when AGY resumes....
UPKA replied:
"Thats only the case if the meeting does go thru as planned (successful). Otherwise I can see most of the current value being wiped out."
oh, I think the co. has a pretty good idea of what's going on, since they have already made financial provision for a JV partner at the Mousangati project....as I've noted before,
*ATPTB*
*all the powers that be* are wishing us well, as it were.....
the IMF, World Bank, UN, major mining co.s....all want to see mining projects progressing in Burundi...
I certainly hope that the meeting will turn out positive, as I hold AGY shares myself
, so fingers n toes crossed for tomorrow's news. Just want to get an opinion from u guys, say if the deal does go thru, and the price shoots up, should I hold or sell?
I'm leaning towards sell, because I dont see a long term future for the mine, due to lack of infrastracture and political stablility in the region, so the price is purely based on speculation and wont last. But again I'm all new to trading, most of it prob dont even make sense to you guys.
My thinking is that we will see a good spike up if good news comes. Then reality will set in. What I mean is that then a BFS (Bankable feasibility study) will be commissioned, which (according to others) will take 1 to 2 years. That would be the next big spike (if it comes back positive).
I might sell half after the expected spike, and hold the rest for the long long term. Depends on what is announced I guess.
I might sell half after the expected spike, and hold the rest for the long long term. Depends on what is announced I guess.
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IMHO the trading halt was put in place to stop rampant speculation until a Press Release is made and my position is that news will be very positive and that the Mousangati project will be allowed to proceed with allowances made to the timeline bought about by the number of bouts of force majuere.
IF we assume that the news is bad then i am sure that there would be NO song and dance about a meeting. The death of the project would have already been announced and AGY would still be ticking over at ten cents. The fact that the stock was soaring indicates to me that there has been a leakage of information. This could be very possible as discussions are underway with a significant number of corporate players and Government (Burundi) officials.
I certainly hope that the meeting will turn out positive, as I hold AGY shares myself
Just want to get an opinion from u guys, say if the deal does go thru, and the price shoots up, should I hold or sell?
I'm leaning towards sell, because I dont see a long term future for the mine, due to lack of infrastracture and political stablility in the region, so the price is purely based on speculation and wont last. But again I'm all new to trading, most of it prob dont even make sense to you guys.
You have to remember that the company holds 6 percent of the worlds nickel in the ground. An example of the potential of this stock is fmg. Have a look at there chart and you will have an idea what is possible. Having said that there is no gaureentee that even if this meeting is a success that they will ever get to production. If it was to spike on the announcement my advice would be to, depending on what price you got in, take enough profit out to cover your initial investment and then sit back and see what happens. That way if the price goes through the roof you are exposed to it and if it goes the wrong way you have lost none of your intial investment.
the barry said...
"..there is no gaureentee that even if this meeting is a success that they will ever get to production."
in fact I'll go on record as saying....they never will go to production.....a buyout/takeover may, in fact, happen sooner rather than later....the majors can get Argosy on-the-cheap now, compared to what it would cost them later..
"..there is no gaureentee that even if this meeting is a success that they will ever get to production."
in fact I'll go on record as saying....they never will go to production.....a buyout/takeover may, in fact, happen sooner rather than later....the majors can get Argosy on-the-cheap now, compared to what it would cost them later..
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i agree with this one. pending a positive outcome from burundi govt the majors will be all over this one.
let me ask you this what major would not want 6% of the worlds nickel supply?
additionally AGY may be able to see production retaining a 25% interest, then they will be able to sit on sidelines and watch production at least
everyone has to remember all the majors signed disclosure deals with AGY around 3 - 4 years ago, so now that the price of nickel is through the roof i would EXPECT huge amount of interest.
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There is a probability that AGY may not sign a JV deal right away but proceed with their own BFS on both the lateritic nickel AND PGM potential at Mousangati. The cost of the BFS could be covered by re-listing in North America accompanied with a share placement probably at much higher prices than the current trading level. That would really put the stock into "takeover play". Based on buyout valuation for Temke set two weeks ago the stock price could really fly (please see my earlier posting on Temke valuation).
Morning lads, has anyone got any updates on how the meeting went? been to the Burundi Government website, everything is in french, and it seems that the last update was in 2004 , cant wait till the thursday's announcement.
, cant wait till the thursday's announcement.
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i just keep checking google news for any updates.
nothing yet will keep everyone posted
nothing yet will keep everyone posted
Any news so far from Africa about AGY?
I'm guessing due to the locality of the country and non-existent telecom network, they have no way of getting the good news out
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there will be an ann to market in the morning.
when they had announced the meeting originally that was all over the press so a positive ann tommorrow will generate a huge amount of interest as i bet there is a lot of money on sidelines watching for this outcome.
heres to hopefully a great thursday!
when they had announced the meeting originally that was all over the press so a positive ann tommorrow will generate a huge amount of interest as i bet there is a lot of money on sidelines watching for this outcome.
heres to hopefully a great thursday!
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At least they are talking ...
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the barry AGY are re-opening their office in burundi hardly seems like bad news to me, i dont know why the sp would take a hit, it seems to me a thinly veiled hint that government OBVIOUSLY want the mine developed.
from ann:
Argosy is pleased with the discussions, which addressed the best way forward to complete
exploration and feasibility studies on the deposit.
which to me indicates that AGY will be moving forward in the right direction.
Ann. indicate that [Argosy is pleased with the discussions, which addressed the best way forward to complete
exploration and feasibility studies on the deposit.]
So they are in thier way,no one get the approval from 1st meeting.
So I do not know why they ask for trading halt.
exploration and feasibility studies on the deposit.]
So they are in thier way,no one get the approval from 1st meeting.
So I do not know why they ask for trading halt.
