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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