I appreciate your thoughts but this is not how the market works. Investors can and have already factored in any foreseeable events in a horizon that's as short as the 6 months you mention. The recent average market cap does convey clearly the general opinion of the value of AGM based on near term forecasts - that's the whole reason for providing timelines, projections and budgets, so that people can get an idea what something is going to be worth.
The company may be worth more in 6 months time but not on the basis of what is currently known. Things that can add value are stuff like new information (eg expansion of resource) or significant market influences like sharp increases in the value of nickel.
On the market today AGM has barely shifted, ZFX has been hammered massively. Obviously it's a bad day generally for metal stocks however that it is two extremely bad days for ZFX in a row - well above the falls of other significant producers. At this stage it looks like the market doesn't think the offer represents good value for ZFX shareholders - quite amazing really as purchasing assets is what they need to do.
AGM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
