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ABG Share Chat - RSS Feed

African Barrick Gold Share Chat (ABG)



Share Price: 233.60Bid: 233.10Ask: 233.80Change: 0.00 (0.00%)No Movement on African Barr
Spread: 0.70Spread as %: 0.30%Open: 230.80High: 233.80Low: 227.30Yesterday’s Close: 233.60


Share Discussion for African Barr (ABG)


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stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:145.50
View Thread (2)
RE: Unloved
13 May '13
gold fell more than 1%.
the share's performance was not bad. the volume is lower too.
 
ArielArrow
Posts: 2,016
Off Topic
Opinion:Strong Buy
Price:146.00
View Thread (2)
Unloved
13 May '13
This stock must be the most unloved in the Ftse250,a fair amount of blue on the screen but still no rise
stefser
Posts: 68
Observation
Opinion:Strong Buy
Price:146.80
Weak hands
13 May '13
I think not that much weak hands are left in the stock.
That indicates the stock volume, and the number of posts in this discussion.
jollyspeculator
Posts: 13,458
Off Topic
Opinion:Weak Sell
Price:145.50
sweaty palms/squeaky
13 May '13
trousers, lads
Tom78
Posts: 883
Off Topic
Opinion:No Opinion
Price:148.00
Jolly
10 May '13
Yes being a major company does not mean the costs are lower just a bit less risky with more resources and expertise to deal with issues etc. IIRC Allied had very high costs at its mines higher than ABG at the time so those mines currently must not be very profitable.
jollyspeculator
Posts: 13,458
Off Topic
Opinion:No Opinion
Price:148.00
Tom
10 May '13
sensible to be cautious

...a lot to do with all in costs...some mines are cheaper (much cheaper) than others...

.....not sure being a "major" helps much...nothing to do with brand after all!!

...enjoy yr w/e
Tom78
Posts: 883
Off Topic
Opinion:No Opinion
Price:148.00
Jolly
10 May '13
Not sure i'd personally touch AAZ with a bargepole as AIM gold miners are beyond risky. Remember Allied gold well i lost my shirt on that one as well and even though it was eventually taken over the takeover offer was cash and some almost untradable shares in an Australian firm totalling to much less than my initial stake. If the Majors of this world in the mining sector are finding it tough going the minnows will struggle even more.

Seems like sentiment is still very against gold and the miners at the moment and i have not changed my view on waiting to see how things pan out. Of course there is always a chance of being left on the sidelines but once bitten twice shy.
jollyspeculator
Posts: 13,458
Off Topic
Opinion:No Opinion
Price:148.00
Jan/stefser
10 May '13
enjoy yr w/e

...nice to have pleasant reasonable banter...rather than the over emotional nonsense common elsewhere lol
January
Posts: 691
Observation
Opinion:No Opinion
Price:148.00
stefser
10 May '13
A lot of "what if's " in there mate ! maybe to many for me! Anyway I think the sp here will be back up above 200p in the future, but you may have to wait a while to see it! As long as you were not looking for a quick profit it should turn-out OK in the end. I have seen all these sp falls before and this one looks 'overdone"
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:148.00
View Thread (2)
RE: watch out below
10 May '13
those are all legitimate concerns.
but...
what if the chinese start to buy the goldminers, for example with their trillions in us bonds to cover their huge appetite for gold.
what, if the physical demand is so high, that it leads to shortage?
what, if they team up with the russians, who doesn't accept usd anymore for their oil and gas, but gold instead?
a lot of if s. nobody knows what will happen. that's why it'a risky game. a few here are already shaken out and those who are still in take the risk and later perhaps the reward.
these are hard days, bug i think a large part of this business is about hold on.



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