re: Ann: High Grade Gold Results from the Gol... It's a lot harder to get a price up considerably with so many shares on issue mate.One i'm in - SIR 5.7c to $1.25 in 3 weeks with a total of 170m odd on issue.
ABU has over 3 billion shares on issue. It would take a find of 5m + ounces @ 20g/t in one spot and to be very shallow for this to climb anywhere near to the heights of a sir. Even a sdl climb is unlikely.
But yes I think this can go to double figures with current number of shares. My fair value is currently in the 5-6c range. Goldies including one I sold today are unloved atm and aren't following the lead of other explorers.
Maybe the speccie sector will get humming sooner rather than later.
Scorp
Ann: High Grade Gold Results from the Golden Hind, page-106
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