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Gold/Mining/Energy : ABER RESOURCES

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To: IngotWeTrust who wrote (1986)10/27/2003 3:50:34 PM
From: The Vet   of 2006
 
Well welcome back... I did sell a small portion of my Aber simply because it was getting too valuable and seriously unbalanced my portfolio. However I still have the bulk of it and it is still 20% of my total portfolio value with a cost base of zero!

The talk on Stockhouse is all about takeover offers, but it is hard to figure the reasoning. Neither Aber nor Rio Tinto are actually informing the investors of the real significant figures, but the diamonds are still being sold in ever increasing numbers (and decent prices) so things are apparently going well.

We should be able to verify the actual production costs, grade of the real ore (after the overburden removal) and a better idea of the mix of size and quality, but they keep dancing around those figures. I don't think that they can be disappointing, so the only possibility is that Aber don't want to encourage any hostile suitors at least not until the price gets up into rarer air! JMHO....

Borson on stockhouse keeps up a good watch on values, numbers and comparisons and his analysis is always worth a read.
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