Club Mulgoa

Monday, September 17, 2012

ABU

Performing to script today.  A good announcement, followed by a disproportionately low rise and then the share price falls in a few days after.

If you look at the exploration result, you would think the stock has hit the jackpot.  So either I can't interpret the figures (which look good) or there are some incredible stupid investors who are happy to dump their shares when there is good prospect.

You have to wait for an Oriental investor with a deep pocket to plunge into ABU.  Not Liongold but perhaps a Chinese company who can see value...  Of course, Barnaby Joyce will be screaming his head off as it won't be the Brits or Yanks (who has no money).

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