For sure and we will probably see another placement or SPP later in the year or early 2008. The three month delay will cost AGM approximately 88 million Aussie dollars in revenue based on 3 months production yielding 2100 tonnes of nickel concentrate. The current market cap of 550 million dollars is probably a bit overpriced considering no income for 8-9 months and who knows where the nickel price will be in March 2008? Hopefully for holders of AGM stock the nickel price will stabilize at current levels or trade higher. If nickel starts to slide again, that's when AGM will be slaughtered.
AGM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Held
