Technical analyst Clive Maund explains why he believes shares of this Golden Triangle explorer are at a good entry point over at Streetwise Report.
Maund’s point is that in British Columbia’s Golden Triangle you can only drill between about mid-May and the beginning of October. The rest of the time you are under several feet of snow. This, in turn, means that drill results and market interest tend to peak from mid July to September. At that point the key results have been released and the shares of most of the Golden Triangle companies sell off.
Looking at Aben Resources (V.ABN) with an entry point before the end of May gives an investor an exposure to whatever good news comes from the drills which should be turning shortly.
We’re looking forward to doing an interview with Aben CEO Jim Pettit in the very near future.