How does this guy buy up, when everyone is queueing to buy at 0.050 ???

And the time is 15.05 !!!

Guess this guy is shorting throughout the day and buy back at the last moment.

Actually I don't think it is likely that investors will lose everything even if Abterra fails to become a big player like Straits Asia, at most it will maintain current level or drop a few level down.

But if they really succeed and becomes a 10 bagger, that is already an incredible gain, not to mention 20 or 30 bagger.

So for people who have funds they can leave untouched for a long time, and have the patience to wait it out, it is probably a good counter to hope for it to turn into a multi-bagger....

risktaker      ( Date: 08-Sep-2009 22:07) Posted: 2 months ago Abterra has no mines. Due to the legislation in china, the smaller mine will not allow to be operate. Therefore it give Abterra opportunity to buy these mines. Strait Asia is pretty established. If Strait Asia is given a rating of 8/10. Abterra is somewhere 2/10.  Abterra has a chance to grow and established as China now tighten imports of Iron Ore from overseas. However Iron Ore market in China is pretty much over supplied at the moment with loads of Iron Ore sitting at the dock. Further worsen the outlook is the local competitive level is extremely high with new deposit being discovered not to forget they recently open up more mines in the inner Mongolia region. There are many challenges Abterra have to overcome at this moment. Its either small and die off or Big and win for Abterra, they have to be big "which is what they are doing now". Buying up Mines/Mine Operations and massaging relationship with the Top officials in China so they can get funds, approval of acquisition, license and many more. Therefore, If they make it you can make at least 20-40 times as of current value, but you could lose everything if they fail. erictkw      ( Date: 08-Sep-2009 21:51) Posted: Is current Abttera comparable with Straits Asia in terms of business nature??? Hope to hear some comments from someone who knows both these counters.

I did not lose much on this, as I am not a big player. I have given up on Abterra for the time being and moved to other counters already. But I do monitor Abterra daily.

Buyers got to note that this counter always may cheong until 0.06 or 0.65 and then kena stuck there, before it falls back again. So unless there is really visibility on exponential growth to break through 0.07, be ready to be stuck with it if you buy at 0.06 or 0.065.

2 months ago Abterra has no mines. Due to the legislation in china, the smaller mine will not allow to be operate. Therefore it give Abterra opportunity to buy these mines. Strait Asia is pretty established. If Strait Asia is given a rating of 8/10. Abterra is somewhere 2/10. 

Abterra has a chance to grow and established as China now tighten imports of Iron Ore from overseas. However Iron Ore market in China is pretty much over supplied at the moment with loads of Iron Ore sitting at the dock. Further worsen the outlook is the local competitive level is extremely high with new deposit being discovered not to forget they recently open up more mines in the inner Mongolia region.

There are many challenges Abterra have to overcome at this moment. Its either small and die off or Big and win for Abterra, they have to be big "which is what they are doing now". Buying up Mines/Mine Operations and massaging relationship with the Top officials in China so they can get funds, approval of acquisition, license and many more.

Therefore, If they make it you can make at least 20-40 times as of current value, but you could lose everything if they fail.

erictkw      ( Date: 08-Sep-2009 21:51) Posted: Is current Abttera comparable with Straits Asia in terms of business nature??? Hope to hear some comments from someone who knows both these counters.