Club Mulgoa

Tuesday, August 21, 2012

BUT

Just like ABU, when a good announcement is made, the share price either moves up a bit or remains indifferent.  And then a day or two later, the optimism just vaporizes.  I have perused write-ups in the past about BUT as an up-coming star among African explorers.  This is another one of those gold stocks where my intention is to sell for a profit if a crazy buyer comes along but if it continues to fall after good exploration results, then I intend to accumulate.  Just look at the POG, it is moving over USD$1620 per oz again.  But for how long?  Only Allah will know...

BUT is nowhere as good as ABU but it has come down from its peaks.  I will still prefer to park my money in ABU.

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