ABU

In the last few days, ABU has hovered down to 5.6c. You really wonder what idiots would sell this stock for this sort of price. It has been announcing fantastic trenching results. If this were to be 100-200 years ago, it would have sparked a massive gold rush from all over the world!

It hasn't finished exploring yet. Trenching is not indicative of the total amount of gold in its tenements. But what it shows is how superficial the gold is. At impossible depths, the gold grade is already excellent. But at Old Pirate, it is on the surface.

Anyone who reads my blog is truly wasting his/her time if they are still waiting around for smarter idiots to sell their parcels. POG has gone up today, DJI has gone up today so expect gold stocks to outperform the general market.

I bought another small parcel of ABU this AM at 5.7c. The worst damage I have done was to buy at 7.3c in Nov 2011. I was the foolish buyer but I am there for the longer term.