resource upgrade, page-61

hi everyone. very entertaining posting indeed.
dwecke2000 $2 u say for your shares????
now lets see $1.64 billion for a company that is just starting to produce at $230 million a year revenue (not profit) mmmmmm???
what else could i buy for $1.64 billion on the ASX today?
Lets start with Virgin Blue or Adelaide Bank
Sky city maybe Aquila resource, Air New zealand or sigma pharmaceuticals???
chuck in another $400 mill and i could have mount Gibson MGX or anothe $300 mill and i couldhave David Jones.

you hang in for $2 mate.
i would be interested in the spec miner that didnt drop 20% over thelast month that wasnt subject to a takeover. that would put Melua's 55c in play. and i would have thought 40c. but i dont know.

lets see an independent valuation and see if another bidder arrives. i personally would prefer they dropped the bid and went after a stable producer like SMY for nickel. or even take out an MRE. they could easily do that.

Would someone care to show me on a peer comparison method or any other valuation basis other than 'because i said so' where AGM is valued at anything other than $1?

there are plenty of companies selling for less than the broker valuations as well.

cheers andrewe