predictions, page-4

i think you guys may underestimate the strength of zfx's offer.
management were indignant when it was initially made.
now they are clearly up for sale and they are just haggling over the price.
you notice that AGM have stated on their most recent ASX release they are willing to talk price.
the domino's are starting to tumble.
i wouldnt mind betting some of AGM's major shareholders have said to the unshaven...get us a higher bid or we are out at $1.
The unshaven have become increasingly desperate and it shos in their announcements.

Very few long term AGMers have actually considered for a minute that this offer might be reasonable and that those that really influence whether the company goes or not know it.
If i was an AGM holder i would take the zfx offer and let the others try and get me more ie $1.05-$1.10.
then i am free to buy.
imagine getting an offer of $1 and not taking it and the market drops 20% and you could buy bhp for $31 or Rio for $100 and then a few months later you take $1.05 for your shares and rio is $140 and BHP is $40.

Personally i think WSA has a much better growth profile than AGM and would be worth paying a premium for them.
planned growth to 34,000 tonnes of nickel per annum.
curently the same price as AGM.
The advantages to zfx of AGM are the synergies from existing infrastructure.


cheers