For me this applies equally to ABU and OGC;
Don't you just hate it when a sector gets in the way of a perfectly good stock!
The only positive for the sector is that it has been so badly demolished that from a long term point of view it seems (once again) there is much more upside potential now than downside. I didn't have that view a few months ago as PRU and SBM were hitting 90c on the back of a rally in gold to $1400. While I was hopeful that gold could continue higher at that time, I felt those stocks had run ahead of their spot price fundamentals. Now they are trading at 31 and 32c with gold back around $1273. Talk about leverage!
Unfortunately performances like that create drag for stocks whose fundamentals using spot prices justify much higher share prices.
The waiting game continues!
For me this applies equally to ABU and OGC;Don't you just hate...
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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