That sounds a bit unlikely to me. The beards have plenty to worry about without taking on extra committments. Especially if its a mine that doesn't match their current business.
Cap raising seems strange. I don't know why they would call a trading halt for that, wouldn't they just release that information to the market?
Early processing seems unusual, especially since that deal fell through last year, and now the ball mill isn't that far off.
How about some kind of agreement with Jinchuan that allows AGM to produce more nickel, without having to capital raise or take in a loan? Jinchuan could say "OK, we will pay for a second mill, but we get the extra Nickel that you produce as a result, and we will pay market rate (No hedging), and we you can pay back the loan over a set period"
If Jinchuan are desparate for Nickel, and its hard to get hold of whats already being produced on the world market, then the only option is to secure future supplies that aren't far off, and haven't already been snapped up.
Just an idea, feel free to shoot it down if you want
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
