It is becoming very clear that AGM's "beards" need some savvy smarts on the Board to market this story to the instos with the firepower to re-rate it to what it should be. A forward P/E of 6 is quite frankly pitiful and it can only be put down to the fact that the instos with firepower have avoided this stock like the plague. Look at the multiple JBM achieved. On a like for like basis, AGM should be trading at $2.75. As they are so close to production, there should be minimal discount, if any. Look at Fortescue's market cap in the iron ore business and they are yet to make a shipment.
Until AGM employ some savvy smarts with a direct phone line to the instos that count, the share price will never reflect its true value.
Add to My Watchlist
What is My Watchlist?