ABN = Shorters + Constant Dilutive Headwinds Aben traded this year like it had a committed short crew with a sure winner. Lining up a bunch of spending promises you can't keep without a 9 hole miracle is not a business plan. And in hindsight I'd have to agree with them.
The way I see it the stock will get pummelled to dust every time it pops up to the lofty .20 - .30c range.
They should be dumping 2 out of 3 properties and regrouping. Otherwise they'll be lucky to do .05 cent placements the next couple years.
The rolling 10% stock option plan is an insult.
Forrest Kerr Commitments
Aben can earn a 100% interest over the entire claim group by expending $3,000,000 on exploration by June 2020
Chico Commitments
Aben Resources Ltd. (TSX-V: “ABN”) holds the exclusive right to earn an undivided 80% interest in the property by completing $3.5M in exploration expenditures, issuing 2.5M shares and making $150,000 in cash payments to Eagle Plains.
Stock Options
10% Rolling Options