Just to add to the conversation - I had worried about the stagnant/falling POG and how that would impact on ABU. So I went back through the announcements relating to the ANZ loan and found a mention that the ABU business plan has been operating on a minimum POG of AUS$1200 (approx US$1140).
Anyone care to comment on the how much the POG can fall before we start to worry about ABU being adequately profitable, in light of the numbers and reports that have been issued since the ANZ loan was secured in July?
If their cash position is still as predicted, and POG is still well above AUS$1200, then I don't see why the SP should take a pummeling.
Thoughts? Thanks!
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