Not long before consolidation took place the shares dropped dramatically in line with what happens with most consolidations. That was in the day when we were supposedly a gold producer with massive gold resources and unlimited promise. We are now just an exploration company and unlikely to go back to production at any stage so large returns are unlikely. Since consolidation the share price at present is about 75% down on the consolidation price. The largest investors are losing 10s of millions of dollars on what they paid to get a stake in ABU in it's heyday, but again much of that will be passed on to their investors. I really cannot see a financial upside to my remaining holdings in this stock, luckily I managed to trade my way out of major losses over recent times and as the value of the stock I now hold is more or less worthless, I just leave it there on a wing and a prayer lol!
PRX Price at posting:
7.7¢ Sentiment: None Disclosure: Held
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