ann: agm notice, page-37

Hi Hell,

I'm no expert, but I have posted a number of times over the last 12 months that a share consolidation was on the cards.

With 4.3b shares on the market, and a sp of around 2.1c ABU probably does not look like an attractive buy for the big investors, institutions and for the broking houses. In fact some have strict rules in place that do not allow them to buy into stocks like ABU with such a low sp and massive number of shares.

Also a such low prices, traders may be able manipulate the sp for their own gains.

At around 30c and with about 270m shares ABU will appear much more attractive to the big investors. Generally that is how the market thinks.

If the ABU board has been totally honest in all that they have said about ABU's discoveries and staged mining progress, then on the fundamentals, this consolidation looks a positive move.

With money in the bank, some large investors on board, mining to commence soon, the possibility of extra Gold being identified at the mine-sites, and the chances of new discoveries being made, then the consolidation should be a winner over time.

However the market is fickle and there are no guarantees how it is going to react to ABU, and Gold in general over the next 6 months. If something doesn't go as ABU has planned, then the company could get a caning in the market. If the POG falls rapidly then the same could occur, or perhaps no huge buyers appear until the mining is well under way.

Who knows?

From my perspective, even though the sp is hurting me badly on paper, the consolidation was inevitable and a positive move if ABU is going to be considered a quality, stable Gold producer.