AGM australian governance & ethical index fund

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  1. 1,055 Posts.
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    Melua.

    ....Poor old Melua left $340,000 on the table for the much publicised first class trip and has apparently re entered at better than a buck!...


    ...Mate that will be chicken feed if I get $1.20....seriously!...


    So Melua, correct me if I am wrong. A $340K profit at 20c a share would mean you had to buy 1.7 million shares. If that is chicken feed you must be claiming to have bought say 3 million shares!

    You should also know that price does not always equal value. I said once before that I did not really care if the shares were at 50c or $1.00 because one day you will see substantially more then either of those figures,its only what the price is when you sell them that is an issue.

    Having this muppet from ZFX or yourself going on about the offer being twice what the price of AGM would be without the offer or having ZFX talk rubbish about AGM not having access to capital is academic and does not matter.

    AGM does not need a takeover. It can contiue to develop the area under its own funds and then possibly get taken out for a bigger fee. If it needs some funds it has Jinchuan to help out. Not to mention Sempra or any of the others who have been in and out with nice profits.

    People talk $1.20 or $1.50 or $2. I would not be unhappy receiving any of those offers but down the track people will talk $3, $4 or $5. After all - why do you think Zinifex wants to buy AGM.

    BE PATIENT! Bart Cummings said it was the cheapest thing in racing and Chinkiat says it is the cheapest thing in developing a Tasmanian Nickel province.


    Chinkiat
 
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