valuation discussion thread, page-133

buddy why is discussing the facts downramping?
i certainly am not telling you that you should sell. If you are a trader then it makes sense to take $1.06 and buy the other depressed stocks.
however, you can hold on for as long as you like.
I can point out examples of companies making the same amount as AGM intends to make after doubling capacity etc that trade on a PE of 3-4. so we cant assume the bluesky of PE's of 10-15 once in production.
My point is that your directors should have a professional valuation done and then they can say whether they suggest you take it or not.
Dont you think zfx have done their valuations?
do you think they have been quoted $2 and they thought they would offer $90c knowing that another independent valuation would show $2 and that they were trying to jib the shareholders of AGM?
The "beards" need to get a valuation done..period.
after that lets say it comes in at 80c best case scenario, then they need to explain to you why a professional who is independent values AGM at 80c and then say you shouldnt take $1 for your shares.
If you say 80c is wrong then get the valuation....tell teh market that is what u r doing.

cheers.