NIA is pleased to announce its first ever Golden Triangle stock suggestion: Aben Resources (TSXV: ABN), currently trading for only $0.11 per share with 116.7 million shares outstanding and a market cap of only CAD$12.84 million (US$9.63 million)! ABN has a strong balance sheet with an estimated up-to-date post drilling season cash position as of September 30th of CAD$2.5 million and no debt for an enterprise value of only CAD$10.34 million (US$7.75 million).
ABN's most recent private placement from June 2019 of CAD$1,103,200 was priced at $0.24 per share more than double ABN's current share price! In fact, between August and September of 2018, ABN raised a total of CAD$5,229,490 at prices of between $0.30 and $0.40 per share or approximately triple/quadruple its current share price!
Eric Sprott is a MAJOR ABN shareholder! After initially purchasing 6,666,667 ABN shares in a August 2018 private placement at $0.30 per share, Sprott purchased an additional 200,000 shares in the open market at an average price of $0.385 per share. Sprott owns a total ABN position of 6,866,667 shares for a 5.88% stake in the company! Sprott is widely recognized as the #1 most successful gold investor in the world today after recently making nearly $1 BILLION on Kirkland Lake Gold (KL), with its market cap rising from US$400 million to US$10 BILLION within 3 1/2 years of Sprott taking a 10% stake in the company!
Historically, ABN has experienced several dips down to the $0.11-$0.12 per share price level and investors who were smart enough to enter at these prices have historically seen ABN make large short-term gains in the weeks/months that followed!
Most recently, ABN bottomed at its current price of $0.11 per share back on December 24, 2018 before exploding by 50% in 6 trading days to a January 3, 2019 high of $0.165 per share. This was the beginning of a steady 6 month uptrend with ABN reaching higher highs and higher lows, rising to $0.185 per share on February 13, 2019, $0.195 per share on March 13, 2019, $0.24 per share on April 11, 2019, and $0.265 per share on June 25, 2019 for a 6 month gain of 140.91%!
Previously, ABN bottomed at $0.115 per share on March 26, 2018 and exploded by 30.43% in 9 trading days to close April 9, 2018 at $0.15 per share. This was the beginning of a steady 3 ½ month uptrend with ABN reaching higher highs and higher lows, rising to $0.20 per share on May 2, 2018, $0.24 per share on May 14, 2018, $0.25 per share on June 4, 2018, and $0.265 per share on July 5, 2018 for a 3 ½ month gain of 130.435%!
After reaching $0.265 per share on July 5, 2018, ABN dipped over the following month to an August 1, 2018 low of $0.17 per share. Investors who entered ABN on this short-term dip had an opportunity to make an absolute fortune! Over the following week, ABN bounced back by $0.03 or 17.65% to close August 8, 2018 at $0.20 per share. The very next morning, ABN released drilling results from its Forrest Kerr Project in the Golden Triangle and announced the discovery of multiple high-grade zones of gold at shallow depths!
ABN’s FK18-10 drill hole intercepted 38.7 g/t of gold over 10m for 387 grammetres of gold making it one of the Golden Triangle’s most impressive drill intercepts of 2018!
This extremely high-grade gold intercept began only 114 metres downhole! Even closer to the surface beginning only 61 metres down this same drill hole ABN intercepted 3.9 g/t of gold over 13m for a very strong 50.7 grammetres of gold! A little further down this same drill hole beginning at the 84 metre mark, ABN intercepted 22 g/t of gold over 4m for an amazing 88 grammetres of gold! Finally, beginning at 183 metres of depth ABN intercepted 8.2 g/t of gold over 6m for 49.2 grammetres of gold!
ABN gapped up by $0.10 or 50% on August 9, 2018 to open at $0.30 per share and reached an intraday high of $0.365 per share where it was up for the day by $0.165 or 82.5% from the previous close! ABN traded record single day volume of 16.428 MILLION shares!
ABN continued rising for 12 additional trading days, gaining another 27.63% to an August 28, 2018 high of $0.485 per share! At ABN’s August 28, 2018 high of $0.485 per share it had an enterprise value of CAD$43.58 million or 4.21X its current enterprise value of only CAD$10.34 million! Keep in mind, gold was only US$1,212.25 per oz on August 28, 2018!
We expect ABN to announce assay results from its latest drilling campaign at the Forrest Kerr Project in the Golden Triangle in the upcoming weeks!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ABN of US$20,000 cash for a one-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.