Why? Here are some reasons why ...
1. The fundamentals of this company haven't changed, only the sentiments have. Sentiments are a powerful thing but it doesn't last forever. AGM is currently way oversold, much like SMY a month of so ago. Take a look at where SMY is now, it's almost fully recovered.
2. The financial position of AGM is extremely sound. It will sell every bit of nickel out of the ground to Jinchuan. It has plenty of cash in the kitty to see out the plant construction phase then the serious revenue begins.
3. AGM doesn't have any political or environemental issues to deal with. The Tassie government is 100% behind them.
4. Its resources is growing with every announcement. Last week's announcement just added another 10000T and there's plenty more to come.
5. Price of Nickel will remain high for quite some time to come. The boom in China and India isn't an overnight phenonmenon!
6. It takes on average 8 years from being an explorer to producer, a few months of delay is nothing in the scheme of things. How many out there have had projects going to plan 100% of the time?
As always, DYOR and see for yourself why it's only a matter of time before AGM heads north again!
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