Darren and the board have always had the view of making ABU into...

Darren and the board have always had the view of making ABU into a mid tier, highly profitable Gold mining company. The company is moving slowly towards this aim, and securing a low cost deal to increase the amount of Gold produced per year was something I believed that they would do as soon as practicable.

So, in terms of what I know about ABU, I'm happy with the progress to date, except the slowness of this process.

Where the Chinese fit into this debate is something I know nothing about? ABU isn't paying interest as it has money in the bank. The costs to begin production appear to be quite low and the Gold recovery rates will be high. More at surface Gold is being found regularly, tenement expansions are on the cards further down the track. ABU looks good to me and the professional investors whom I talk to.

The top 4 shareholders in ABU as at June 30th 2014 are:
BNP Barabis - a French based bank, which has been in Australia since 1888
Pacific Road Capital
JP Morgan
Citicorp

Even at the current Gold price ABU will be highly profitable. But Gold may continue to rise over time?