agm prospects in 2008, page-72

JoelJP…….AGM listing on Toronto Stock exchange? Already a company called Allegiance listed on this exchange which has mining interests. So AGM would need a name change to do this……perhaps.

Lets look at whats been going on lately.

Fundraising- a lot of cash has been raised from loans. More than seems necessary for the completion of the processing plant unless there have been HUGE cost overruns.

Negotiations with Jinchuan during the APEC conference “fruitfull talks”. No social visit by Li Yongjun, Chairman - Jinchuan Group- he spent the day with the beards. To drink wine and talk about the weather?

Melba flats mining lease approved. Not a lot of ore there- yet , but a lot of effort to secure a mining lease. Why? New open cut mines can supply a “modest” amount of extra ore for Avebury plant- but the existing mine can supply much more than present mill capacity if necessary.

Extra mining lease gained 8km east of Melba at Ringville adjoining the East Renison lease. $800000 to be spent on the NEW lease in exploration over next 2 years according to news reports. Nothing about this has been released by AGM yet.

Cant help thinking that MLX (formerly Bluestone tin) has a processing facility at Renison in exactly the right place for Allegiance. Could AGM be negotiating for this facility given that MLXs attention may be focused on developing the Wingelina nickel project? Jinchuan has provided MLX with over $30m in funding this year. MLX would probably be receptive to “suggestions” by Jinchuan….Nah this idea is too speculative.

Must be a resource upgrade and second ball mill…………..


TOU violation
Well well Well,the above is ghostas beautifully reasoned explanation for the last trading halt
so much for his wonderful insite into AGM.He does however have a refreshingly different view to renison plant than that expressed today
To accuse another poster of having no idea after this load of wollop is indeed a bit rich.
Post on and do please feel free to continue to play the man