price of nickel, page-6

Fair enough Melula, we have to trade our shares as we see the situation.

One thing a lot of people are getting wrong in their valuation of AGM is that they think that if the share goes to $2.50, nickel prices will need to stay around $50000US. Not so, a price of $30000US will easily justify this price. And when AGM announces doubling of production (which is inevitable- late this year probably) we will only need nickel at $20000US.

Anyone who imagines the present SP is any where near topped out, even temporarily, is probably suffering from nervous "jitters".

There is a classic case on another forum (sharesguru.com) where a long term holder posted many times with full figures how a SP of $2+ was justified with a nickel price of $30000US and present projected production. She got a case of the "jitters" because the share price had risen so quickly, and sold half her shares (hundreds of thousands of shares) at the then high price of $0.62. Not at all logical- but thats how powerful the "jitters" can be! She was going to buy back in at $0.40!

And a compelling reason for long term holders to do a bit of research here on the net about defining an exit strategy for a long term share, THEN STICKING TO IT!

If you have been holding AGM shares for a while now, you should be accumulating, not thinking of selling. Production is only months away and some people are thinking of selling. I find this incredible thinking! Why would AGM be the only company EVER to have its SP go down as production approaches!

And at the same time a drill program is being carried out which could see a decision made to double production (and which many think is a certainty).

But its up to you, if you cant sleep because of a case of the "jitters" pehaps its not worth it. Rennies posting is right in that sense.