Well, I guess this explains the recent price weakness (along with the cap raising).
Two thoughts of thinking:
Positives
1.Management did a good job getting the raising away before the off load.
2.The exercising of options adds to the cash balance.
3.If Tam have been leaking shares into the market it might explain ABU inability to break out to the upside therefore the sale is a long term positive.
Negitives
1.loss of a major shareholder and potiential takeover/partner
2.flood of new shares onto the market and short term weakness
3.perseption of lack of potiential of ABU to produce viable resource.
I believe point three is more to do with Tam own weak share price pending a cap raising so the sale is more about its own opperation than any feeling about ABU potiential, still its not a good look.
Any thoughts....
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