ann: abu to divest exploartion tenement, page-23

Thanks Chuk, a nicely worded post, that clarifies the issue.

I guess I'm old fashioned and greedy. I don't see any need to rush into exploring North Arunta as it an asset that could be explored in 3, 4 or 5 years time, when there's plenty of money in the kitty from Old Pirate. (Unless the NT government want it acted upon in a quicker time frame)

But of course Darren is right, get as much profit as you can, and as soon as you can! On that basis it is a good deal. Certainly a great deal for CLY, a "company maker!" (as quoted from CLY's forum)

What a coup for Mike Etheridge, "ABU's Chairman Mike Etheridge is also Chairman of CLY!" His company now has a large NT tenement with multiple sites to explore, maybe his board will offer him a payrise, or isn't he on some form of incentive payments for share price improvements?

I like being involved in a company that makes new discoveries, that posts photos and music videos of their drilling and progress. Would prefer if it was ABU doing that at North Arunta itself, not another stock, but that's progress for you, and of course its a low risk, zero expenditure way of making profits from any mines that CLY can start up, both at North Arunta and New South Wales.

Guess I'll have to start reading the CLY forum now and seeing if I can annoy the moderators there with my attempts at humour!

Go ABU and Go CLY you good thing!!!


I like Big Jig's comment, "Wonder if Gold Digger is going for 10m in CLY now :-)"!!!

A bit of humour doesn't detract from this forum IMO. And after a few beers at the Para Hills C.C. this afternoon, I'll be saying what great deal, and encouraging all the 10 000+ members to buy ABU!