Club Mulgoa

Tuesday, December 18, 2012

ABU

The price of gold crashed by more than USD$30 per oz last night.  So I changed my buy price for ABU.  A lot of my stocks are still very profitable at USD$1500 per oz.  So I still don't understand why the share price of gold stocks are falling.

BDR just poured their first 9kg gold bar but its share price is not going ballistic.  As long as it makes good profit and hopefully, pays dividends, then I would be happy.  ABU is still a long way from being a producer.

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