Just playing devil's advocate here, but:
- the market knows how good OP is
- the market knows how good Darren Holden is
- the market knows its the best time to be a lowcapex high grade producer (as per Lasonde's presentation)
- the market knows ABU is best emerging Aus explorer etc
that is why its already capped at $150m!
I like to also look at what else the market is telling us:
- the shareprice refuses to rise on continual good news
- a large shareholder is selling (why is this so if ABU is so good?)
- a large shareholder is selling on the market (why can't they find a strategic block buyer instead of the drip-feeding if ABU has so much potential?)
- TANAMI has been an unmitigated disaster for well over a decade (there is no disguising this fact)
- Twin Bonanza has minimal power, water, infrastructure etc
- there is massive execution risk (plans written on paper almost never materialize to realistic expectations)
- there is still no mining licence at OP
- there is still no native title permission etc at OP
I think trial mining is definitely the right strategy from Darren as market will only believe it when they see it.
So playing devil's advocate here, I am just not convinced (even after a resource upgrade with Golden Hind) that the share price will budge much in this market until people see the liberated high-gravity-recovered gold sitting in that little store-room that they have in the picture of the corporate investor presentation.
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- great link reiner and comments always chuk...
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great link reiner and comments always chuk...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.937M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.049K | 1.019M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 8575000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 48154829 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 8575000 | 0.002 |
56 | 224871310 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 48154829 | 37 |
0.004 | 2530000 | 5 |
0.005 | 2269053 | 4 |
0.006 | 50000 | 1 |
0.008 | 3926371 | 1 |
Last trade - 11.37am 14/07/2025 (20 minute delay) ? |
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