Jinchuan have not acquired a 11% blocking stake in this company for nothing, with a placement which at the time which was very close to the shareprice.
Also of note....from a recent ASX announcement (1st May 07)
"Jinchuan and Allegiance have entered into a framework offtake agreement for all further metalliferous discoveries made in Tasmania."
Seems to be that Allegiance will have no problem in selling it's product....Jinchuan are looking for whatever they can get their hands on.....and even at a significantly lower nickel price than current spot, it will still be an extremely profitable operation.
INVESTORS will, and already have done, extremely well with this one.
AGM Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
