price of nickel, page-20

Cheers Moneyman.

Yes, I have been in a long time.

Been buying at nice low prices for years. I thought AGM had a great deal of potential and basically everything they achieved was done on the smell of an oily rag. It has only been in the last few years when they have been able to get Societe Generale and now to a greater extent Jinchuan involved.

I'm still in the Top 20 in AGM but expect to drop off next time the list is published as I have sold a few to fund some other ventures. Those sales are certainly not a sign of negative sentiment. I am still very bullish.

GUL is a bit of a joke. I have made an error or two with them. I really thought they might become a bit more liquid once AGM started to rise. This might be the case to some extent but unfortunately they are not keeping pace with AGM as the market discounts them for what you point out, i.e. just hanging onto AGM's coat tails and doing nothing.. Last time I looked I was well in the Top 20 on GUL with over 2 million shares, so it is extremely difficult for me to exit GUL and get fair value for the shares.

I think a takeover or something will be the only way to realise what they are worth.

Whenever some posters ask about GUL in the past I push them towards Allegiance.

Onwards and Upwards is how I see things - lets wait and see.


Chinkiat