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ABG African Barr

235.20
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
African Barrick Gold Investors - ABG

African Barrick Gold Investors - ABG

Share Name Share Symbol Market Stock Type
African Barr ABG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 235.20 01:00:00
Open Price Low Price High Price Close Price Previous Close
235.20 235.20
more quote information »

Top Investor Posts

Top Posts
Posted at 12/3/2014 09:03 by forwood
200 SMA at 173 is below citis target and implies another 28% fall. These things do have a habit of overshoot.

'Course this must all depend on PoG. Citis target there I think is $1250 average thru 2014. They're already wrong on that tho, as 1250 was their prediction for Q1

In Nov they said :

For 2014, in the face of expected continued negative investor flows, we project prices to slip further, averaging $1,250/oz in Q1, which will spark stronger Chinese demand, and therefore imports through 2014," Citi said. "Chinese physical retail buying/ investment represents a key source of price support for the gold market, and we believe renewed positive buying momentum in China will prevent a wholesale rout of gold prices next year."

Citi forecast gold will average $1,230 in the second quarter, then bounce back to average of $1,260 in the third quarter and $1,280 in the fourth. Citi then projects higher yearly averages of $1,350 in 2015, $1,370 in 2016, $1,400 in 2017 and $1,420 in 2018.
Posted at 07/11/2013 11:37 by robrah
Yae . Lucky this barish views in gold helped me get in to rand gold . At prices i could not have imagined. Before i used to be invest mainly in abg but i got a feeling abg were struggling a few things and lot of negative news on reporting days . So when the take over option came i sold out was waiting to get in to rand gold but it was too costly at 7000p .By then came the gold price fall . Did lots of in and out finally bought the full capacity at 4630on the recent fall in anticapition of todays results .Feel cosy with improving gold prospects and rrs redused cash cost plus increased production .what more can a long term investor ask for. Goodluck to all here .
Posted at 11/10/2013 12:37 by robrah
Well dwrez .seem to think other wise . We ll se what happen . Even the parent company wants to get rid of this .And they are insiders and know everthing about the company . So it they want out . What can clueless investors assume?
Posted at 13/8/2013 11:50 by drewz
The really big moves will come in September/October.

This is but a prelude.

Gold and silver have begun new up-legs in their major multi-year bull markets.

Given the unprecedented backwardation in gold, investors should expect this up-leg in gold and silver to be spectacular.

This move will be more remarkable than anything gold or silver have seen over the past 13 years.
Posted at 28/7/2013 20:21 by undervalued companies
Dreamers $900 by mid 2014 slowdown in china and limited buying in India are two main reasons plus investors wanting interest from other assets.

Ask jim rogers.
Posted at 22/7/2013 18:02 by kooba
Yep think TW must have a very thick skin to still refer to himself as a Guru...having met him a few times I believe he genuinely believes he is the voice of reason and investor champion...but behind him is a trail of disaster of his own making.Rather negative research out by MS on this today but obviously sees it as a highly geared play on recovering gold...prefers randgold for risk aversion.That should please robrah!
Posted at 21/7/2013 11:27 by riskybiznizz
Be VERY quick. Battered share price expected to rebound hard throughout next week...

19 July 2013
FRONTIER MINING LTD
("Frontier" or "the Company")
Publication of Expert Independent Report
Frontier Mining (AIM:FML), the AIM listed exploration, development and production company focused on Kazakhstan, announces the publication of an Independent Expert Report, by Wardell Armstrong International, entitled "Review and Preliminary Valuation of Baitimir Project Located within the Naimanjal License Territory NE Kazakhstan, dated 16 July 2013."
Wardell Armstrong International (WAI) is an independent engineering and environmental Consultancy, which has provided the mineral industry with specialised geological, mining, and processing expertise since 1987. WAI was commissioned by Frontier to prepare a scoping report to include a preliminary financial evaluation, based on data provided by Frontier up to 25 December 2012, of the Baitimir project. The project is located within the Naimanjal license, and is comprised of the Baitimir, Yubileiny and Beschoku copper deposits.
This report documents the geological block preliminary modelling and mineral resource as at October 2012, and is a non JORC (2004) compliant desktop report.
The results of the financial modelling show that, when applying various discount rates between 8% and 20% the model produces Post Tax Net Present Values of US$17 million and US$67 million respectively based on income from the recovery of copper, silver, gold, magnetite and molybdenum. The internal rate of return (IRR) for the Baitemir and Beschoku projects are approximately 40% with a payback period outlined in the report of 2.73 years. Wardell Armstrong estimates that the cash operating costs over the life of mine are approximately US$10.01 per ton of oxide ore processed and US$19.79 per ton of sulphide ore.
DCF Model Results (Before Funding and Debt Service):
NPV@ Discount Rate
8%
USD$m
67
NPV(Base Case) @ Discount Rate
10%
USD$m
53
NPV @ Discount Rate
15%
USD$m
30
NPV@ Discount Rate
20%
USD$m
17
IRR
%
40%
The review and preliminary valuation support Frontier Mining's view that Baitimir is an attractive project with robust economics. Frontier will keep all options open as to the optimal development strategy for the Baitimir whether that be from its own resources, through joint venture or through the sale of the project to a third party.
A full copy of the report can be found on Frontier's website: www.frontiermining.com
Frontier Mining Ltd
Yerlan Minavar
+44 (0) 20 7898 9019
Libertas Capital (NOMAD)
Sandy Jamieson
+44 (0) 20 3697 9495
RFC Ambrian (Broker)
John Harrison
Richard Morrison
+44 (0) 20 3440 6800
Walbrook PR
Walbrook IR
Lianne Cawthorne (Media Enquiries)
Paul Cornelius (Investor Enquiries)
+44 (0) 20 7933 8780
Posted at 20/7/2013 06:57 by kooba
Friday feeding frenzy for gold stocksThe gold price continued to build on recent gains making an assault on the crucial $1,300 level late on Friday, sending investors scurrying for gold mining stocks.Bullion bulls are still nursing a 23% decline in the price of gold this year, but with the largest producers of the yellow metals showing declines of more than double that, many punters believe the bottom may now have been reached.http://www.mining.com/friday-feeding-frenzy-for-gold-stocks-48590/
Posted at 25/6/2013 10:58 by robrah
Lol price of gold .take over rejection.High profile investors dumped shares . The nz investment fund.Regularly missing targets production and revenue . Over shoot on cost . Perent company so at 22, year low. No significant potential for growth.May have to cut divi soon. Debt increasing .Do I really need to go on and on...
Posted at 16/5/2013 11:02 by robrah
that is exactly what I was referring to in my post earlier. that is high profile investor pulling out. stating they are not happy with abg waste disposal and human right specifically mentioning the Africa operation.

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