AGM 0.00% $1.60 australian governance & ethical index fund

joeljp,we know agm is worth more than its recent trading level...

  1. 5,048 Posts.
    joeljp,

    we know agm is worth more than its recent trading level but i wouldn't think the buying the past 2 days was from someone realising its value at sub 80c alone.

    the timing would be perfect for someone to take the ceo position.

    the delay has been announced, nickel has stabilised and possibly will find a trading range between us$17-$18 in the near term and maintain it over the next 12 months at least, the speculators are all but gone which will bring realistic expectations from the market, drill results over the course of the remainder of the year will likely push the resource towards 200,000 tonnes which will allow a decision on a 2nd ball mill to be made later in the year or early next.

    it would be a pretty attractive proposition to someone worthy and the timing appears right.

    cheers
 
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