Club Mulgoa

Monday, November 14, 2011

ABU and CDU

It announced a presentation for tomorrow and its share price went up. When you look at the presentation, it is a wonder why it hasn't gone up even higher.

http://www.asx.com.au/asxpdf/20111114/pdf/422hqgy0flg9p3.pdf

But why CDU only went only a little after this announcement?

http://www.asx.com.au/asxpdf/20111114/pdf/422hqgy0flg9p3.pdf

CDU used to announce fantastic drilling results but when the JORC resource was confirmed, it was far below expectation. Hence the market is forever skeptical.

Those who bought CDU will just have to be patient. The recent good announcements cannot be for nothing. Those who bought ABU, congratulations to you. I am expecting both these stocks to do even better when the final JORC resources are finalized.

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