Robo great question,
Look at FNT as an example of what ABU will do. FNT had a high of 40c! Of course it has settled back. Do you doubt the markets ability to pick a favorite and drive it up? Trust me foreign investment, gold price, stable resource sector, upgrading category, multimillion dollar resource, management, low debt, growing assets and capital all outweigh its weaknesses.
There hasn't been a real exploration company in Australia for over ten years. They drill deep, lean and are focused like few others. They are the premier exploration company in Australia. I'm picking 10 to 12 cents by the end of the year, consolidation and long term real sustained positions coming up that will drive price to rapid highs. Look at some of my earlier posts where I describe the new market conditions and forces.
I recommend you look for other conditions where strong fundamentals combined with large volumes of capital slosh into favorite ponies. Like FNT that raced up, ABU will pull back and settle as new targets are opened up. Day traders with large amounts of cash are looking at it as we speak. Mark my words, buy and hold to 30c....
I hope this helps Robo?
Kind Regards
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