valuation discussion thread, page-92

d-chrome said
" I'm willing to "bet" that in 6 months my AGM value will far exceed the current valuation, and this I believe is the true issue."

D-chrome.....what is the current valuation?
this is one of the main problems. "theBeards" have not provided you with an independent valuation on which to make your decision. Trust us there is much more is their mantra. I dont blame you or them for trying to get more...its always the way.
But if they wanted to pay what it was worth they would have bought on market for 70c or 40c now as the case may have been. The reason they offer you a 40-50% premium is to give you full value plus 40%. You cant say that the mine was worth 70c a share but now that someone has offered you $1 that its worth 40% on top of that to them. That factor was taken into account when they made the $1 offer.
The premium is for the upside and to give you the full value now. They do not want this at 'any' cost.
it will mean that they will have a reputation for paying up for any other takeover they do.
$800,000,000 cash which they will pay would earn them $56 million a year in earnings at 7% in the bank.
SO AGM must offer ZFX far more than that imo to make it worthwhile.
Tell me what earnings do AGM have? WHen will they have them? How do you know what the nickel price will be? will there be any new finds on the property? no guarantees i assume.
you will take what you take for your AGM shares but when the insto's say they will sell then the directors will be left with a decision to make.....see the share price drop to 50c or sell out with them.

remember the valuations for AGM on their own website say $0.60-80c and now ABN Amro $1 cos of zfx offer only.
Why do they not get an independent valuation done again?

cheers