abu fundamentals?, page-44

Looks like we should get a nice start to next week as well.
Gold up to $1245 again. HUI up 3%, GDXJ up 5%.
Awaiting news on gold in cct, final production numbers, grades etc, and we still have a lot more catching up to do as well. We have only gained 14% off Dec lows so lagging the sector by quite a large margin still and the sector will likely be adding to its gains on Monday again.
I think this will be one of the highest margin gold mines in Australia but its not priced that way yet. The traders are always more interested in the larger more liquid stocks first but as long as that rally continues they should increasingly look to shifting some of that capital to the smaller better quality stocks. Many of the larger stocks have already gained 50% or more and some might have moved too far ahead of the current POG so it only makes sense to take part profits on those to shift to stocks like ABU. We may have seen the initial phase of that with accumulation over the last few weeks with a flat price and then finally the start of a move higher on Friday. Hopefully just the start of a move like the one off the June lows where we gained nearly 100% in a very short time.