Uttsy, I hear what you are saying/thinking and with respect I disagree. U812 is absolutely correct. This company has hit a bonanza and proved it with bulk sampling trenching, close and wide spaced drilling and is kicking gold as geologists walk in the field. As for the drilling- It has proven that gold is present with depth,albeit to very shallow levels so far Not to mention the rich grades and the consistency thereof.
YOU DON"T NEED MINE PLANS to bring the price of the stock up. The orebodies have been proven, gold price is holding and the equipment and permits are there for the operations to fill company's vaults. There will be many more minerealised structures and orebodies that will be found in this region. It is now up to the institutions and the brokers to pick up the ball , run with it and start selling it to their clients if they have the Kohuna's. I suspect however, they have not understood the potential of these deposits let alone the potential of the field/region or the shareprice would have now been untouchable.
In former years. $1.50 would have been a trifle to what the share-price would have reached with less favorable results. I guess they are too busy recommending the BHP's, Woodsides, the QBE's and the banks to their clients and class an ABU as a penny dreadful , not to be touched. I recall when Woodside was a penny dreadful once upon a time, so was Poseidon and so was Western Mining to name a few. I remember paying 5 pence for Woodside and every body laughed at me. They weren't laughing when I sold them for 21 Bob 18 months later.
Like you Uttsy, I will continue to hold tight and add if the finances permit.
Cheers, and I wish for you a big outcome with your investment.
Helmenesh
ABU Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
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