Excellent post -
You're right the market loves to test the fundamental strength of companies. Strength is revealed in the valleys not the peaks. The market clearly is holding its breath, obviously the coming announcements have stirred the serious buyers. I expect some big numbers very soon. The MD is out drumming up business so wait for the announcement on his schedule not ours!
I expect good news gives him wings to fly overseas, we haven't seen ABU's day yet but its coming...
The momentum for ABU is consolidating and pushing against the DJ's slump which feeds china which feeds our resource sector. Investors remain focused on commodities and the debt crisis in Europe. But investors are bracing for the conclusion of the Federal Reserve's bond-buying program at the end of June. All three major indexes are down almost 2% in May.
This means good news for gold prices for the next 5 years. This next announcement will break the 6.5 ceiling as big volumes consume the market price gladly. Once the bigger fish come out to play ABU will gyrate much more rapidly with large gains a day. The number of shares is right for where they are at: Samples from the first three holes (1084 metres total) have been received by the laboratory and analysis is underway. Samples from the other holes are in transit to laboratory. This is important to keep in mind.
Expect more news at the end of May about more good news as they start more regional work. This translates into confidence of economic return for Investors. The most salient point when buying ABU is the fact that it will be upgraded to an Indicated Resource Category. What will this mean for confidence? What is the price you think ABU is really worth?
The right time to sell this stock is 30c+. Not for less. Anyone agree? Let me know what you think by voting!
Kind Regards
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.192M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $1.1K | 450.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 74947991 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 88715206 | 39 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 74947991 | 0.002 |
65 | 157311436 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 88715206 | 39 |
0.004 | 35761417 | 19 |
0.005 | 2867123 | 4 |
0.006 | 5767001 | 6 |
0.007 | 1717000 | 3 |
Last trade - 12.02pm 05/11/2024 (20 minute delay) ? |
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