resource upgrade, page-17

be realistic guys....
AGM's announcement today is clutching at straws. 10% increase at what cut off grade?? .00001% nickel was it?
Its obvious that AGM are not going to bring out an independent valuation because it will show zfx's bid is fair and reasonable and that is not what you do when you are negotiating for a bit more.
Most other companies are going to offer stock or a combination of cash and stock. this is a chance for the directors to cash out. otherwise when do they ever get to sell their stock?
Lets face it the market valued AGM pre this cureent correction at $70c a share allowing for future upgrades etc. with all thatknowledge they would be 50-60c at best now without the zfx takeover offer.
AGM management will sell as will Jinchuan imo but perhaps at a slightly higher price ie $1.20 but you cant blame management for wanting more.
Imagine if zfx pull their bid and find someone else. where will that leave the share price. checkout SDL for what happened after that TO with GBG fell apart.

cheers and i hope you all make heaps
andrewe