ABEN RESOURCES...

originally published Wednesday, November 21, 2018

Printable Version

All Gold & Silver Stocks

We did a good trade in Aben Resources this year, and Golden Ridge Resources which is also a Golden Triangle stock, buying them in the Spring for a Summer drilling rally which duly occurred, having spotted that an annual “wash, rinse and repeat” cycle operates in both of them, which is due to British Columbia’s rotten Winter climate forcing drilling operations to stop in the Winter. In the case of Aben, we sold half of the position we bought back in the Spring for a more than 3 times gain very near to the top in August. In retrospect we should have sold the lot, but dumped the rest by the end of September, early October, so overall did well.

Aben has continued to drop back and several days ago dropped hard again to arrive at our target zone for the low point of its annual cycle, and is buy again here, although it should be noted that it will probably require patience before its gets moving again. Liked here because the entry point looks very good and it is thus rated AN IMMEDIATE SPECULATIVE BUY. The charts below tell the story.


Aben Resources website

Aben Resources Ltd, ABN.V, ABNAF on OTC, closed at C$0.125, $0.09 on 620th November 18.


Posted at 9.30 am EST on 21st November 18.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stockmarket analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.