they are shareholders who think $1.05 is about what its worth"
why else would they sell?
Many thought it was worth 70c prior to takeover. if you thought it was worth $5 why didnt you mortgage the house and buy on market at 70c til the cows came home?
Without the TO people would be selling at $0.50c so that would be what they think its worth and all that buyer would be willing to pay.
you hang in there for what ever you can get...as long as zfx dont pay you too much i am happy.
BHP is revaluating whether they make their bid for RIO due to current credit market conditions. I would not be banking on another TO offer.
Jinchuan are really about securing the nickel not really about running the companies so their TO offer is unlikely.
They take placements at a discount to market prices to secure those supplies. If they have a guarantee of supply from a major and triple their money invested to go and secure 4 times the supply from other juniors.....what will they do?
all this is my opinion and not definitive statements. But the independent reports at the start of this thread say that i am much closer to being right than those who think the value is $5 - $10.
Please tell me at what price you would sell your AGM holdings today?
And...is AGM the best company on the ASX?
cheers andrewe
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