PRX 0.00% 0.2¢ prodigy gold nl

G'day-Pound, you have successfully traded ABU & unlike the...

  1. 2,475 Posts.
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    G'day-Pound, you have successfully traded ABU & unlike the majority of us are in a prime
    position should ABU's- s/p rally from here, good for you.
    Yet you loath ABU & continue to monitor the forum & hold a stock you
    see no future in ?
    If one holds a stock & is square its unusual to say the least that some one
    would continue to hold a stock they see no upside in because,
    quote- I only keep mine now because they owe me very little thanks to
    some lucky trading opportunities.

    Surely its an opportunistic time to exit if you have traded a stock you loath into
    an almost square position especially when
    Quote- I doubt you will look back in the future at ABU and see much upside
    from where it is at present, at least not enough to recoup any of the LTI losses
    .

    So there has undoubtedly been decisive changes occur regarding ABU.
    Total number of directors slashed therefore corporate remuneration overheads reduced.
    All Directors associated with the Old Pirate debacle are GONE.
    New Chairman-Tommy Mckeith.
    New M.D.-Matt Briggs-imminent- led or was part of a team on several major gold discoveries.

    IGO-on the registry-9%.
    IGO -Has commenced a detailed aeromagnetic 51,800km line airborne flying survey over the
    whole district at lake Mackay-co-funded by the N.T. -Government.
    IGO -Has a J.V.-commitment with ABU to sole fund $6,000,000au in exploration
    to systematically explore the Lake Mackay area.
    ABU-Has recently R.C.-drilled out Tethys's next to Hyperion central & assay results
    confirm wide intersections & commercial grades that demonstrated that significant
    gold mineralisation extended along the east-west striking Hyperion trend for at
    least 1,300 metres (ASX 18 July 2016)  positioned  approx. 15 odd from NST/TAM
    -Ground rush deposit.
    Recently discovered significant drill intercepts at,
    Pandora-9 mts at 6.32g p/t.
    Brokenwood 3mtts at 9.34g p/t.
    ABU-Has stated its intention to commence a 2,000 mt Diamond Drill  program
    at Hyperion-Tethys commencing early next month.
    Stated-Intention to also systematically drill test other defined prioritised by ranking
    numerous other gold targets.
    Fraser Institute’s 2015 Investment Attractiveness index has ranked the Tanami Region
    as a Secure & long term investment jurisdiction with a ranking of 7th out of 109 !.
    Approx.- $10 Million in cash.
    46% of registry held by the top four holders.
    Stated intention to Divest or Farm out Twin Bonanza & North Arunta.

    Also noting two recent additions to the ABU registry as top 40 Holders.
    Number 6-OCHRE GRP HLDGS LTD -holding 6, 414,096 ABU shares, ABU-holders
    may find it interesting that Mr Nathen Featherby holds approx.-25% of Ochre
    through Roschelie Ltd.
    Number 30-Plato Prospecting TRB Goyder-Only recently acquired thus far 914,144 ABU
    shares.
    Mr Tim Goyder - Chalice Gold
    [PDF]Change of Director's Interest - Chalice Gold
    A very well respected & I dare say well informed individual that obviously see merit
    in investing in ABM Resources.
    So pound you have a right to your opinion & good luck to you, & obviously due to all of
    the above I am enthused again as a LTH of ABM Resources & I doubt the heavy weights
    that have joined the ABU registry recently or IGO are fuking about.
    imo
    gltah-salt
    Last edited by Saltiga62: 16/09/16
 
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