AGM 0.00% $1.60 australian governance & ethical index fund

interesting day, page-8

  1. 2,363 Posts.
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    Well you havent said anything I dont agree with.

    But you must remember that by far the majority of shareholders have no idea how good AGM is likely to be. They bought shares because someone told them they would be good, or it made the top 100 list, or their charting software showed buy.
    They have no idea about low production costs, high concentrate %, nickel provinces, 85m wide stopes, laterite vs sulphide nickel etc etc.
    My nephew is a case in point. He a very experienced and sucessfull share trader. When I re-mortgaged my rental house and put all its equity into AGM he begged me not to do it. He kept saying you must have a diverse portfolio, (which I have proved is crap) etc. When I pointed out all my reseach findings he still said its too risky. He once had 0.5m AGM shares, has about 80k left now. Its the only share hes not going to trade in the forseeable future. But its taken years to convince him that AGM really IS something special.

    The point Im making is that untill AGM starts production and produces some EPS figures, the majority out there think its just another small cap nickel miner. Other people Ive recommended AGM too and explained it have said " no, you cant be right, theres a catch somewhere, it would be $1 + by now if all you said is true". Ie if it sounds too good to be true it is.

    So all you have to do is wait a couple of years max. I know its easy to be distracted by day to day fluctuations, no news etc. but just hang in there!




 
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