Understand where you are coming from Treehouses but your...

  1. 77 Posts.

    Understand where you are coming from Treehouses but your comparison of ABM's performance in the market to TAM's is bit rich - Tanami is an toughened and experienced campaigner who have been drilling and digging holes up in the Tanami for some 20 years. They produce gold, mining operation is cash flow positive, they pump their profits back into the ground, and most importantly they have a ripper of a discovery at Groundrush in the NT - see article in todays Spinifex (the West) These combined are probably why TAM have held ground in current market.
    ABM are doing very well on the exploration front, and the announcements are enormously positive, but in the absence of any form of cash flow, the coffers will definately need topping up again very soon - a well appreciated senario by all in the game that can become very painful when the stock looks undervalued. The perception of ABU needs to alter something in hope that the sp gets back to +4c very quickly or it could turn ugly for existing holders (me included). As I asked a few weeks back referring Old Pirate, a quartz reef hundeds of meters long, full of gold, sticking out of the ground, what happens next? Know what I'd be doing!!
    Paddy
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $6.350M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
13 15883276 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 62319093 35
View Market Depth
Last trade - 16.21pm 10/07/2025 (20 minute delay) ?
PRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.