Thanks Rooster12
A slip of the old decimal point there!
As I said previously Allday, small shareholders can complain all they like, the boards just don't listen to them. Take Central Petroleum, 9.8c, it isn't making much money, a lot of long time unhappy shareholders and its now started a 1:5 consolidation!
KGL had a consolidation last year at 11.5c, which took it to $1.15, despite a lot of shareholder disapproval. And now its back to just 9.5c! A loss of $1.02 per share!
No matter what small shareholders might feel about a consolidation, I believe that there is a 99% chance that ABU will consolidate, and it will probably be some time next year. ABU most certainly is about pouring Gold bars and making money, and the company will look much more appealing, and credible, to the huge investors and institutions if the share price has been consolidated from 8c, 10c or 15c up to 80c, $1 or $1.50 or more. Time will tell.
But I will apologise if it hasn't happened, or hasn't been planned to happen, by December 2014!
Anyway, that is a long way down the track.
The next trial mining results should be of great interest.
Hopefully the sell off has stopped and some serious buyers can push the sp up this week!
Go ABU!
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