Club Mulgoa

Monday, February 13, 2012

ABU

http://www.asx.com.au/asxpdf/20120214/pdf/424bhqnkl9syjs.pdf

After such a stunning presentation, you wonder why its major shareholder sold out its 19.9% holding yesterday. It should have taken over ABU to feed its gold processing plant nearby. Sometimes, you wonder how management think.

Even worse, you wonder how investors think! It is still hovering way below its peak. And in spite of repeated good trenching results, the stock has been ignored by the market. That is great for me, I have been topping up!

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