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American Bonanza Gold Corp ABGFF



GREY:ABGFF - Post by User

Post by hassyon Jan 19, 2012 3:08pm
364 Views
Post# 19423291

it's time to buy/hold not sell!

it's time to buy/hold not sell!

Despite the lack of news, think about the technical reports done to date..

1) Extremely positive economics at gold price of 1,100/oz. We are at 1,600

2) Images on the website / last press release (although 10 weeks ago), has shown the mine is on the cusp of production (delayed ..yes).

In 6 months, when all kinks are ironed out, looking back at the situation today, I believe the probabiilty of reward outweight the downside here.

Also, looking at the trading pattern, someone is holding the price down- What could be the reason? the only one I can think of is accumulation of more shares! If things are really bad, they could easily dump into the buyer (there are enough buyer to soak up the shares).

I am a long term holder and I am not pleased with the lack of news either, but i am more frustrated to see people selling and support the "unknown seller" whose motive is to accumulate more share!

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