ABU and TAM

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=148489&sn=Detail&pid=31

TAM used to own ABU. And for some reasons, chose to spin it off and then dumped the rest of its shares cheaply. The latest drilling result is good and not too far from ABU. However, as with most announcements by ABU, the market totally ignored the nearology. As NT is a big territory, near is not next door but I suspect the geology is the same. The results at Old Pirate have been amazing and some are so shallow. I still have a bid to buy ABU but I often just miss it.