valuation discussion thread, page-102

d-chrome said "So the arguments that AGM is worth LESS than $1 is downright silly - to say it's currently worth a $1 - thats probably right - assuming that AGM never start production and the mill would never see light of day - but unfortunately for ZFX and for those that have their reasons to see AGM sold at $1 the mill IS on it's way, AGM WILL generate an income."
****would you care to explain how AGM could be worth $1 assuming they never start production and the mill would never see the light of day?
The one and only reason they were 70c was because they were going to be in production very shortly. The only reason they are $1 is because zfx are offering a premium to sharholders to sell now rather than wait and see that $1 realized. You are not on the board are you? You sound like the directors.******

Do I think ZFX has the financial muscle and aptitude to finalize the AGM takeover? No. However they've got AGM's blood in the water - ZFX isn't a big enough predator to take AGM down at this stage and ZFX have realized this - hence they're upgraded offer and on market purchasing. ZFX know that they botched this one and realize that AGM will either generate a higher SP on it's own steam or a bigger company will attempt with what ZFX failed to achieve - thus ZFX will probably join this forum and insist AGM's SP is X% more than that future t/o.
******apparently they cannot buy on market for more than the price of their offer so they are not buying on market*****
Andrew - like I said before - I'm willing to trust the AGM board with their TECHNICAL skill - these guys certainly know mining. The question I believe that stands is how well the AGM board know business.
******What makes you think they know their mining more than any other GEO? They obviously believe they have skills that an independent professional doesnt.****

What I'd give for an AGM ASX announcement stating the Mill was online and production was about to start - that'd torpedo the t/o completely.
****** why would it torpedo the deal? your contention is that an announcement that they have done what everyone knows they are doing and they are expecting them to do would have some sort of explosive affect on the share price.*********

alot of emotion there but short on facts.
i feel more strongly than before that a good portion will be accumulated at $1.

cheers andrewe