Hi everyone,
I believe that next to the high price of nickel that will underpin the share performance of AGM we have now another factor.
This is a takeover by Jinchuan who hold now a wopping 11% of the shares on issue and will have a director on the AGM board.
The chinese have learned the hard way by the high prices of all metals and especially nickel, owning these resources would save them a hell of lot of money.
We all have seen the take off agreements the chinese have signed with a lot of would be producers.
The next wave will be to takeover these companies to be protect themselves against even higher metal prices.
With some more good drilling results and increase of resources to make this a new nickel province, the writing will be on the wall.
AGM will be takenover in that scenario by Jinchuan imho.
Interesting times ahead.
jojo
Hi everyone,I believe that next to the high price of nickel that...
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