ABR 0.00% $2.65 american pacific borates limited

Ann: Quarterly Activities Report & Appendix 5B, page-38

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  1. 1,021 Posts.
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    I tend to agree with you sadly, it's not that this direction is necessarily bad, it;s just a shame that the self funding model that was so disciplined and on track is now a company that is following every other junior minor's business model ie: big exec's with MASSIVE salaries, quickly diminishing cash and the part which I dont like is the fact that ABR dont even own the actual resource (project yes but resource itself no). Don't get me wrong I still like this project and I still hold a small amount of my initial substantial holding but the risk seems so much greater now, and given the time frame and the amount of debt needed before this gets anywhere near production I'm happy to sit on the sidelines for the next 2-3 years to watch what happens before buying back in. I'll be happy to pay a premium in that time if the market demands it, but I suspect I'll be buying at a discount. GLTAH

    sentiment update: Held, Hold
    Last edited by ski9k: 30/07/21
 
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