Company Overview ALB is a minerals exploration company with an emphasis on nickel and platinum group elements (PGE). Projects are largely based in the Grenville belt, and span Zambia, Botswana, Tanzania and Tunisia. The company's development activities focus on the Munali Nickel project in Zambia. ALB’s other properties include the Selebi-Phikwe Nickel project, Botswana; the Songea Nickel and Luwumbu Platinum JV, Tanzania; and the Nefza Zinc project, Tunisia. Company History Albidon was incorporated on 11 April 2000 in the BVI under the International Business Companies Act for the purpose of holding mineral exploration and development assets in Africa. ALB was listed on the ASX on 26 March 2004. Its head office is situated in Nedlands. Differentiating Factor Albidon derives strategic advantage from its proprietary geoscientific database and places a priority on utilising the latest exploration technology. The company aims to secure strategic land holdings for joint venture with large mining companies. Major Customers & Competitors As an explorer, Albidon Limited has no customers at present. ALB competes with other large cap companies involved in exploration activities such as BHP Billiton, Rio Tinto as well as junior explorers.
I am not suggesting any buy/sell or hold on ALB for that matter. Its up to you, its your money. I personally beleive she is a bargain at current levels. It was $5 only 9 months ago, now 8 ish cents so the risk reward is much better in favour of buying than selling
Pastel, Would you care to disclose whether you have any personal involvement with this company? As someone with all of what, 3 posts?, to his/her name you can understand why some may be cynical with your sharing this 'exciting' opportunity.
Hi Pastel, I'm sure people thought the same of BNB when it's share price came down from the $35 mark... Cheers, Dan
