Hi Mr Bulligen,
I don't know about you learning a lot from my posts, they are just opinions for debate, and a bit of light-hearted trivia about the wife, at times.
But you have uttered the 3 words most of us don't want to hear!!! ......... Take Over Target!
I certainly don't want ABU to be taken over and I have no idea what sort of sp would be offered, that would depend on how far ABU has progressed in its long term production plan? Stage 2 or Stage 3 etc.
ABM may be a take over target at some stage, and Independence Group are already a "multiphase exploration" partner in the Lake MacKay area, so they could be a candidate?
All I'm wanting to see is ABU reaching Patersons initial target price of 7c, from there pushing onto 10+c when Stage 2 is in full production. Longer term, 15c to 20c is achievable maybe around stage 3, but who knows? There are plenty of variables to consider. Those predicting $1 are very ambitious.
I can certainly foresee a consolidation on the cards at some stage, probably 1:10. So I'm only holding out for 10c and then considering all of the options available at that time.
Good luck with your investing.
Go ABU!
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