Yes this was Sula and the drill programme did not work out. Rather than carry on flogging a dead horse while drawing a vast salary as many AIM CEOs would have done, boss Roger Murphy changed the name to African Battery Metals (ABM) and the focus while he stgill had cash at hand. He explains what comes next in the video below.
Evil Knievil warned last week that Albermarle & Bond (ABM) was on its death throes and that a short was free money. The company has today warned that the banks will not support its recovery plan and that it must therefore try to sell assets but this will not realise even the amount it owes. Albermarle thus concedes that its equity is worthless and its shares have been suspended. We warned you to sell last week HERE.
Bear raider Evil Knievil has warned shareholders in Albermarle & Bond (ABM) that they face complete wipeout in just ten days’ time and should sell at 7.23p now while they have the chance.
Pawnbroker Albermale and Bond (ABM) ran into trouble last year, after expanding too quickly when the gold price was rising in 2012. Increased competition and a falling gold price has bought the company to its knees and the share price has collapsed to 10p valuing the whole company at a little over £5 million.







