Not sure why you think that bob. It's not uncommon for exploration companies to benefit from an increase in price of what they're looking for, whether they've proved it up or not. This happens because share prices are forward looking and factor in expectation premium, which in our case obviously takes into consideration the future price of gold. Not to mention asset sales and JV agreements, the terms and commerciality of which will also hinge on the gold price.
Abu will trade 20c before it trades sub 10c again, the writing is on the wall for anyone perceptive enough to see what's going on.
Prevention of Manipulative Trading, page-25
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0.2¢ |
Change
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Mkt cap ! $6.192M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $3.817K | 1.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 75697991 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 87415219 | 37 |
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