Australia's largest stock trading and investment forum Australia's #1 stock forum

PRX

0.00%

0.2¢ prodigy gold nl

and yet China keeps buying gold...

First 41 Last

Share
Profile

Follow
balilow

876 Posts.

68

15/08/15

10:59

Post #: 15812780
Share

Originally posted by bm3121 ↑

Was discussing ABU with a friend who was not a 'gold' supporter as an investment. He kindly sent me the following details which supported his argument as to why gold value is struggling on global stage, e.g., discretionary spending in China and India has dropped off dramatically this last quarter and gold accumulation by China has not been as much as anticipated. Lots of other discussion points covered in the

Thought it might be worth. Article from "Business Insider.com".

www.*.com.au/gold-demand-is-tanking-2015-8

Also, have revisited a number of posts from markh1960 which I have found insightful and worthy of further review, imho. Thankyou MH for sharing your thoughts with all of us.

We can only hope that if gold continues to fall to lower levels, that the Aust$ continues to fall against the US$ to maintain current parity and future viability and commercial profitability of ABU. Announcements to keep the market up-to-date are essential for ABU shareholders while no announcements and leaving it to conjecture under the current bearish sentiments, are causing so much anxiety to holders and contributing to some selling at current low price levels.

The fundamentals are that ABU is now producing at highly profitable levels; has a long production mine life with great resource (ounces per ton) which is likely to increase substantially with continued exploration; no debt; with potential to earn $20million per year for a company valued at well under $80million. Recent take over interest in other companies in near vicinity. When will the penny drop. ABU is worth a lot more but needs assistance from Board of Directors to sell it to the market. Up to date announcements are essential!!!!!!!!!!!!!

Expand

and yet China keeps buying gold

http://www.bloomberg.com/news/artic...-gold-reserves-by-about-1-1-in-july-pboc-says

ABU Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BUX

Buxton projects new graphite province discovery at WA Narryer play

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

There are more pages in this discussion • 7 more messages in this thread...

First 41 Last

Add PRX (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $4.664M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$1.58K	789.8K

Buyers (Bids)

No.	Vol.	Price($)
30	96942431	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	5061634	4

View Market Depth

No.	Vol.	Price($)
30	96942431	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	5061634	4
0.003	22932889	18
0.004	4755526	6
0.005	889000	1
0.010	1240000	2

Last trade - 13.55pm 04/10/2024 (20 minute delay)

PRX (ASX) Chart

and yet China keeps buying gold...

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

and yet China keeps buying gold...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News