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African Barrick Gold Share Chat (ABG)



Share Price: 250.00Bid: 249.30Ask: 250.00Change: 1.80 (+0.73%)Riser - African Barr
Spread: 0.70Spread as %: 0.28%Open: 259.00High: 265.90Low: 245.80Yesterday’s Close: 248.20


Share Discussion for African Barr (ABG)


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January
Posts: 617
Off Topic
Opinion:No Opinion
Price:152.00
problem ?
3 May '13
Was coming in here at this level, as I said on Wednesday it will fall to circa 150p following dividend. I thought this would be the bottom around 150 and a good entry price; Now my problem is Goldman giving a target price of 100p. I know us smaller investors think this is far to low based on the assests and future of this business! However the big boys and MM's dictate the price of the this share. I fear they will listen to the likes of Goldman and this could fall yet further! So I am going to waite and see. What do you think, has this bottomed or is going down further thanks to target prices of a 100p from the likes of Golman Saks ??
 
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:150.60
View Thread (2)
RE: Bornagain
3 May '13
gold is up. 76 percent
abg down 7 percenf. some sort of negative mirror...
Tom78
Posts: 879
Off Topic
Opinion:No Opinion
Price:150.80
View Thread (2)
Bornagain
3 May '13
Because the share price is mirroring POG which is affectionately known as the 'DOG' ie a very poor or underperforming share.
stefser
Posts: 68
Observation
Opinion:Strong Buy
Price:152.80
George Soros
3 May '13
When I would be George Soros, I'd buy tons of gold ETF-s, and would ask for physical delivery.
Unfortunately, I'm not...
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:152.10
View Thread (4)
RE: The Vampire Squid Strikes Again
3 May '13
My apologies GS.
You are great!
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:152.20
View Thread (4)
RE: The Vampire Squid Strikes Again
3 May '13
Sorry, my mistake...
we are at 1,50.
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:152.10
View Thread (4)
RE: The Vampire Squid Strikes Again
3 May '13
We are already at 1.00.
Adaptive expectation is the dumbest form of predicting something. You don't need to study economics to claim, that everything remains the same...
Congratulations GS.
jollyspeculator
Posts: 9,779
Off Topic
Opinion:Strong Sell
Price:153.80
Ignore GS
3 May '13
they are idiots?...er....no

(sorry I1...but that was too tempting)
stefser
Posts: 68
Answer
Opinion:Strong Buy
Price:153.50
View Thread (2)
RE: ?
3 May '13
Who knows?
Who cares?
Prophecy
Posts: 2
Off Topic
Opinion:No Opinion
Price:153.50
View Thread (4)
The Vampire Squid Strikes Again
3 May '13
Goldman Sachs today downgraded their share price target on ABG to £1.00 from £3.70! In September 2012 their share price target was £4.60. ABG have had production screw ups, the management are poor but the asset is as it was last year and they are in the middle of a full scale review to reduce costs and generate cash flow by, amongst other things, focusing on the capital intensity of their projects. This market is being pushed around by teenage scribblers who do not have the capacity to think. What I recommend is that you all write to ABX and ask them too put in some decent management, then watch the stock fly. Ignore GS they are idiots.



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