abu - potential not possible?, page-8

  1. 5,577 Posts.
    I am a new investor to the market, and am quite young. I essentially came to ABU as I have only limited amounts of funds unlike most investors whom are much older, passed University or are higher up salary wise so I wanted to find high risk and high reward shares to build a foundation for a safer portfolio in the future. ABU in my opinion had reached a double support I think at the time of 0.021, progressing into production, and everything was in the positive side of the stock, but being new to the market I didn't realise the extent of large quantity of available shares would have on the SP.

    Since this date i've traded and failed miserably a few times so realistically while I have invested in at 0.021 through loss of trading (which is a learning experience so it is not wasted) is probably around 0.025. I understand that ABU is high risk which I do not believe so, as the only thing left to do is obtain a ML, which is a 100% guarantee as I said before, as no Australian government have prevented a gold mining lease going through. I found ABU originally through searching for explorers turning into producers with large potential, ABU fit the bill.

    I don't understand about buybacks or consolidations and the effect these will have on the SP. Or whether I will make or lose money in regards to these though, nor the actual potential ABU has once a ML is issued.
 
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(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $6.350M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $20.04K 10.02M

Buyers (Bids)

No. Vol. Price($)
11 10143257 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 52974092 37
View Market Depth
Last trade - 09.59am 11/07/2025 (20 minute delay) ?
PRX (ASX) Chart
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