Club Mulgoa

Sunday, September 16, 2012

ABU

http://www.asx.com.au/asxpdf/20120906/pdf/428jy76mfl08s0.pdf

When you read the presentation, you cannot help but wonder why major broking firms and share tipsters are not highlighting ABU.  It even won the Best Emerging Company at the Diggers And Dealers Mining Forum this year.

I am reluctant to top up now at over 5c but it still represents good value... if more rich gold deposits are unearthed.  Unfortunately it is at a remote part of Australia.  However, ABU was spawned out of Tanami Resources.... and has Mr Lee Ming Tee as one of its biggest shareholders.  The parent company has processing facilities but don't count of Mr LMT to look after you!

Personally, I think it should buy ERM to access its unused processing plant....

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