You are welcome to your opinion Pound, but in all seriousness,...

First 6 Last

Share
Profile

Follow
speculator101

11,809 Posts.

6370

09/01/16

14:39

Post #: 16762995
Share

Originally posted by poundstretcher ↑

Just my opinion but I reckon the sp will gradually slide to 2c over the next 6 months and eventually drop to 1.5 cents or less. The chance of the SP improving regardless of the GP or presumed interested parties looking for a takeover is not going to make this stock any more attractive. I have posted in the past that holders should cover themselves and refrain from buying on the too good to miss low price as there was going to be a new lower price not far away.
I accept that some viewed me as having some kind of hidden agenda to encourage members to sell, evident by many replies to my posts. Like the rest of members I have also lost cash but only on a small scale the hardest part I find to swallow is the 8 years or so that I have committed supporting a company that abused my loyalty to them.
I suppose my final comment would be if you are losing big $$$$ on the current SP of around 4c expect what you have left is most likely to be worth - 50% less over the coming year. There is NO way this stock is likely to make a come back period, we need to either write that cash off and leave it in until the company goes belly up or bite the bullet accept the loss and cash in for what we can before it gets even more painful. Like I said just my opinion based on 40 + years trading. Hopefully members purchased some physical gold when the AUD was worth more than the USD which may offset the losses when the GP (and it will) rise to a higher AUD value.
Good luck guy's I hope 2016 is more profitable for you, but the way things are looking I think a side line approach is where I will be for the time being. It's a Mouse trap out there

Expand

You are welcome to your opinion Pound, but in all seriousness, if the SP fell to $0.02. The MC would be barely $6 million. Their J/V with IGO is worth more than that....
IMHO... to sell now if you still like ABUs acreage would not be a good move, but... I very much understand that many just want to be rid of the stock.

The company has been well and truly punished by the market, and for me, there is only upside, as we have pretty much been given all the bad news they come up with. I have no doubt Brett is very eager to get a drilling program going, plus sign up any J/Vs he can, again, much could have been done whilst DH was in charge, but was not, I am hopeful that Brett is more capable.

Good luck to all holders...

p.s. I find it strange Pound that you advise others to sell when your sentiment is hold...

ABU Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel