without competing bid agm will fall for 1.20, page-34

you guys live in a fantasy land. $1.50 lol.
now lets see what i can buy on market for $1.2 billion.

lets see SMY market cap = $822 bill = $158 million profit last year
mmm???
MRE mc = $2.4bill = $350 mill profit on forward PE 8 and divvies etc already.
Melua has been right on AGM most times and he is right again on this one.
except that under the circumstances if zfx pull the bid you could see 40c under the wrong circumstances.
The $1 is getting better every day and all the management are doing is haggling.

Is there anyone here who dint know that AGM were going into production this year? well why was the share price 71c? answer? because that was what it was worth with that info priced in. If it was two years away then it might have been 20c infact thats what they were 2 years ago 15-20c. so 71c had priced in the start up and production.
what is a company worth that produces 8500 tonnes of nickel a year?
there is an answer some where and its not $1.2 billion. sorry.


cheers.
PS the powers that be know this