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Aben Minerals Ltd V.ABM

Alternate Symbol(s):  ABNAF

Aben Minerals Ltd. is a Canadian gold exploration company with exploration projects in the Yukon Territory and British Columbia. The Company’s projects include Justin Gold Project and Forrest Kerr Gold Project. It holds a 100% interest in the 7,400-hectare Justin Gold Project. The property is located in the southeast Yukon on the Tintina Gold Belt to the immediate southeast of Seabridge Gold’s 3 Aces Project. The Justin Project is approximately 35 kilometers southeast of the Cantung Mine and has an all-season road running through the claims. It also has a 100 % interest in Forrest Kerr Gold Project, which is located in the heart of the Golden Triangle in northwestern British Columbia, Canada. Forrest Kerr Gold Project covers approximately 20,197 hectares. Its exploration activity at Forrest Kerr is focused on two primary zones: the North Boundary zone, which runs parallel to the Nelson Creek Fault zone, and the South Boundary zone, which runs parallel to the Benchlands Fault zone.


TSXV:ABM - Post by User

Comment by StrikeGoldon Jan 31, 2023 4:25pm
194 Views
Post# 35257851

RE:Something you don't see too often..

RE:Something you don't see too often..
Forrest Kerr was and supposedly still is their flagship property according to the company's website.  Forrest Kerr generated a lot of market interest at the time after some very nice drill results, both in high grade and length.  That is how I came back to ABEN after having owned it very briefly ages ago.  It put the stock back on my radar.   

A lot of newsletters published results and spread the news, and also about companies returning to the Golden Triangle, and several analysts wrote about it (many of the articles are sill linked here on Stockhouse), and of course Eric Spott jumped in to provide mllions in funding.   I did not buy at 30 cents or anywhere close to it, but waited until it sank to around 6 cents (incorrectly thinking that prior positive Forrest Kerr results would provide enough "support" at that point), which is how I overlooked past share consolidations. 

But like you implied, one has to recognize how management acts over time, over any considerations of the merits of their properties.  I still think the Forrest Kerr has potential, but the company has not helped to impart any of that potential to shareholders.  That has been my main take away here.  

The other Golden Triangle stock I own is Pacific Ridge Exploration (Pex).  One can clearly see the difference in how mangement there has had drilling successes combined with fund raising that rewards existing shareholders with each successful drill result. 

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