Sure, ABU has good profit margins at these prices, we all agree on that!
But it not us devotees who NEED to be convinced, it is the jolly MARKET!
The falling POG scares many big investors from buying any Gold stocks, except the very ELITE. And ABU isn't in that category. ABU has been unliked by the market for a very long time.
We just have to take whatever the market throws at us and I can't see a large re-rating of ABU soon without some Golden earth-shattering news!
September Quarter Comments, page-16
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