AGM has taken a dive along with the other Ni stocks. The dive...

AGM has taken a dive along with the other Ni stocks. The dive has a strong correlation with the Ni price, but is probably more the result of the decline favourable market conditions, especially the metals, since about march.
AGM are now progressing with the decline as planned.
As Chinkiat says, who cares about the price of Ni when considering AGM? They aren't producing it yet.
Who knows they could be in an advantagous position at the years end, in comparison with others that might be considering extending their hedges or presenting profit downgrades.
I get the feeling that the recent rise in SP was like a premature ejac. The initial reason is still valid. Just waiting for the second wind.

Disc: I hold AGM