"Back" to 15 cents (after the new share consolidation) What has management done? Opened ended share consolidation with no funding annoucement. Negative value achieved from the two newly acquired projects (since they got them with no funds to explore, and seem to actually be a liability now and not an "off season" asset), and haven't been able to retain value from once promising results at Forrest Kerr and Justin when they could have JV'd or sold one of both.
https://stockhouse.com/news/press-releases/2020/08/26/aben-resources-ltd-discusses-the-potential-of-their-new-drilling-program-with
"What are the plans for drilling the rest of the year?" asked Jolly. Pettit shared that the Company's exploration crew analyzed an area near a former high-grade deposit zone and has decided to begin drilling at this site. This drilling will take place at the Forrest Kerr Gold Project and will facilitate the testing of high-grade surface samples. "Now we've got three to four pads that we will be putting the rigs on in that area," said Pettit. "It has started. The rig is on one, and we've probably almost finished the first hole," he added. "We will see what comes of it," said Pettit, noting the area's significant potential.
"We're starting at about 2,000 meters of drilling," continued Pettit. "That's the methodology we're using and if we have success, we'll quickly raise more money and increase the program," he explained.
The conversation then turned to the current value of gold, which has increased dramatically over the past year. Pettit shared that changes with the economy, as well as the environment caused by the pandemic, have acted as a catalyst in the rising value of gold, pushing investors to become increasingly interested in the gold market.
Pettit then elaborated on the challenges of the Company's exploration schedule. "We're in an area where you really only get three to four months a year to work. So, there is an off-season there," explained Pettit, noting that this schedule causes the stock price to fluctuate. "It's a seasonal thing," said Pettit. "There are really high points and then it just levels back off again in the off-season."
"It's starting to move right now, because I've announced that we've started drilling," continued Pettit, adding that the Company's stock began around 7 cents this year but has risen to about 15 cents with the start of the drilling program.