On the 2/10/12 ABU announced Golden Hind returns "Spectacular Drill Intersections."
For those new to this thread: "15 metres averaging 118.5g/t gold within 42 metres ave 44g/t gold. The main high grade vein included in this section returning 3 metres averaging 546g/t gold. Panning recovered approximately 12g of gold from 15kg of material.
ABU SP on the 3/10/2012 opened at 0.061 cents and closed at 0.059, current SP at 0.04 cents and could well go lower.NOt so long ago!! So whats gone wrong? Where to from here?
IMHO, POG has retreated from Oct highs, yet QE has just been more than doubled!! TAM did not do us any favors
and market sentiment is not great ATM. Positive news flow so important, positive developments we have but more news like the above needed. I have a position in N** take a look at the constant POSITIVE news flow and it's effect. Understand producer vs explorer but I think most would understand the point I am making.
Where to from here? Something to look forward to is the Diamond Core drilling results from Golden Hind, combine a positive result with higher POG and some positive news (details) on the progress to a mining lease and JORC / Scoping study upgrades etc we I hope see a turn around in the SP. Otherwise I'm with Vendor, have an order in the 3 cent range just in case.
Hope this generates some positive comments/discussion .......penrice.
golden hind
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