china wants gold and it doesn't want to pay , page-2

Good work Budgie4, an interesting discussion. Could similar interests be circling ABU and slowly building a cache at bargain basement prices ?? How would anyone know?

I agree with other posters, that the Buy/Sell is totally out of whack when compared with what was happening in early January. Do some of the sellers know something and hence they are unloading at 'ridiculous' prices?? (The one saving grace is that it is a slow drain, and not an avalanche.)

It is odd that with all the 'good reports' brought out since the $$s raised, we have not seen the sp increase to even reasonable levels. A quick calc of the 3.3 m ounces @ the current gold price makes for a mind boggling number. I realise that this is not the way gurus calculate, but it surely points to the fact that ABU is sorely undervalued at the current sp.

This dampening on sp coincides with the bail out by TAM and the uptake by the Chinese interests. Now I understand the reasons for cashing up to fund this next exploration period, but did anyone consider it remotely possible that the sp would be held to around 0.050.

At the beginning of January, it looked like we would have an exciting quarter of sp advancement, but the opposite has occurred with the wheels well and truly falling off the wagon.

It is hard to know what DH needs to do to get the show back on the road, or is this just a taste of more sombre days to follow.

The Top40 list as at 31 March is quite interesting with those shareholders holding/controlling approx 62% of shares. However, when the Number 1 shareholder's control of 25% of shares is considered then the remaining 39 holders only hold 37% of shares. There was a time when the Top 40 held over a 50% majority of shares, but the holdings were fairly evenly distributed down the list. Is this a problem now?

Back to the fingernails!!!!!