Yes, ABU is now fundamentally undervalued based on current market price and what they claim to be their assets.
The problem remains, however, that based on their complete incompetence in making predictions as to how much gold there was in the ground and how much profit they were going to make from it, nothing they claim can now be believed.
A vulture with some millions to spare might go over their accounts with a fine tooth comb and make a takeover bid at fire-sale prices.
The first thing such a vulture would do, of course, is to sack the entire current board of directors and install new ones.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $7.937M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.049K | 1.019M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8575000 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 48154829 | 37 |
View Market Depth
| Last trade - 11.37am 14/07/2025 (20 minute delay) ? |
| PRX (ASX) Chart |