G'day Bruce,
You make some interesting comments.
"The market doesn't appear to like ABU's story now and that may continue even after production?"
Bruce, ABU was 8.2c in 2011, that is showing that the market lost favour in ABU 3 years ago and that has not returned.
"I'm holding ABU for the longer term, up to 2+ years if all goes to plan."
2years? Must be the magic number.
Did you know it is 2 years since ABU's intrepid leader bought the stock? 17th April actually, buying when the stock traded between 4.7 and 5.2
In that two year period the stock has more than halved!!
"despite what the charts were saying"
I think you mean, despite what the person reading the chart and he was posting it was saying!!!
That takes on a whole different meaning Bruce, as there have been some saying this is going up when the long term, medium term and short term chart had been offering downside and not upside.
ABU, has not broken out of its downtrend, even though charts have been posted with trend lines which suit the posters own position!
I've seen that happen on a number of stocks Bruce.
Buyer beware!!!
Price of gold down 30 to 1296, hopefully a test of support and bounce. 1280 looks the key at one end and 1400 the resistance at the other
2.4 must hold, or this is 'in danger' of seeing the 1's.
I will express my disappointment Chuk, you bought the stock two years ago, the price has more than halved, you reduce your posts considerably after the way you have pumped the company over that time, similar to the way you pumped NKP, SLR, KGL, MML and just now you change your sentiment to 'long term buy.'
I hope for all you long term holders the company does come up with the goods for you!!!
Cheers
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