Been closely watching ABX and eagerly awaiting for the overhang from the CR to be exhausted. We are getting pretty close in my opinion.
One major thing that interests me about ABX from a technical perspective is the large body of the green candle on the 3rd of september has been preserved. Punters are buying anything below 0.065 cents. Volumes decreasing, sellings drying up. Any positive annoucement will see this rerate to its fair value which in my humble opinion is mulitples of todays price.
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Christopher Piggott, Managing Director
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