RE: Why this didn't popWell, IMO, Abaddon doesn't have any projects with proven value. Their value mostly comes from the corporate structure and the cash in hand which puts them at about 5 cents a share. It will take a lot of luck and a lot of time before any one of their specualtive properties becomes a feasible resource.
The reason the share price didn't perform is likely because frustrated holders and management sold because liquidity was finally available after the news release. I know they recently did a PP at 5 cents, and some of those shares were probably dumped for a nice gain. Hard to win as the retail investor here unless they get some kind of astronomical drill result. Once again, this is all my opinion - do your own DD.