The beards are playing a very dangerous game imo. Benchmarking against a company producing with dividends is NOT the same as a company going into commisioning phase. Yes you can draw the comparisons BUT JBM is/was streets ahead. The spread on the implied share price range also say to me that the beards don't even know how to factor in the reasonable true purchase price of AGM. Still feel an independent evaluation would be better but as Claws said in one of his replies to me that this valuation probably wouldn't stack up in favour of AGM. The hardest part in this discussion is to seperated out the defining areas.
1) long term holders commenting on long term discussion and ignoring/flaming the current situation 2) traders take on the very short term outcome of this takeover 3) The mining operation itself and outcomes from this that affect the long and short term outcomes.
Plenty still to discuss!
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
