2 Things Why You Are Interested In Abra Mining – $AR

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AR’s business lines consist of the commercial utilization of limestone, lime, shale, silica, sand, gold, silver, copper, zinc, magnetite iron sand and other mineral deposits existing within the contract area. The Company has four approved mining claims, all of which are located in Abra, which are Bucay Baticang Limestone and Alluvial Gold Magnetite Project, Capcapo Gold Copper Project, Patok Gold Silver Copper Project, and Sanvig Alluvial Gold and Magnetite Iron Sand Deposits.

As of December 31, 2014, AR has not started normal commercial extraction of mine products.

The last sentence should have your broker or financial planner telling you to back off.  But what’s interesting about $AR?

First, this company is not generating income and yet the stock is still being traded in market.

Let’s check the balance sheet and the income statement, right, those things you already know.

Balance Sheet
Item Current Year Previous Year
Current Assets 7,822,826 8,010,140
Total Assets 1,721,633,564 1,618,149,570
Current Liabilities 8,341,029 7,620,653
Total Liabilities 86,083,257 31,310,285
Retained Earnings/(Deficit) -52,275,518 -47,986,540
Stockholders’ Equity 1,635,550,307 1,586,839,285
Stockholders’ Equity – Parent 0 0
Book Value 0 0
Income Statement
Item Current Year Previous Year
Gross Revenue 0 0
Gross Expense 4,288,978 3,604,474
Net Income/(Loss) Before Tax -4,288,978 -3,604,474
Net Income/(Loss) After Tax -4,288,978 -3,604,474
Net Income/(Loss) Attributable to Parent 0 0
Earnings/(Loss) Per Share (Basic) -0.00 -0.00
Earnings/(Loss) Per Share (Diluted) -0.00 -0.00

If fundamentals is the basis of your stock investment or trading then you should stay from this company, there’s no future even if you look at the last quarter’s report, there’s nothing!

Balance Sheet
Item Period Ended Fiscal Year Ended(Audited)
Current Assets 8,226,442 7,822,826
Total Assets 1,764,972,555 1,727,082,303
Current Liabilities 20,266,880 21,726,129
Total Liabilities 37,917,467 28,471,579
Retained Earnings/(Deficit) -54,858,654 -53,303,018
Stockholders’ Equity 1,727,055,088 1,698,610,724
Stockholders’ Equity – Parent 0 0
Book Value 0 0
Income Statement
Item Current Year (3 Months) Previous Year (3 Months) Current Year-To-Date Previous Year-To-Date
Gross Revenue 0 0 0 0
Gross Expense 431,421 1,168,950 1,555,636 3,117,053
Net Income/(Loss) Before Tax -431,421 -1,168,950 -1,555,636 -3,117,053
Net Income/(Loss) After Tax -431,421 -1,168,950 -1,555,636 -3,117,053
Net Income/(Loss) Attributable to Parent 0 0 0 0
Earnings/(Loss) Per Share (Basic) 0 0 0 0
Earnings/(Loss) Per Share (Diluted) 0 0 0 0

There’s nothing really to say about this company fundamental, for anyone who a way with words then beware it’s total deceit. Abra Mining is an example that stock is not correlated with company’s financial performance. Onward to the next step, the stock data.

Status Open Market Capitalization 976,543,462.58
Issue Type Common Outstanding Shares 199,294,584,200
ISIN PHY0200M1028 Listed Shares 72,946,882,574
Listing Date Dec 24, 1969 Issued Shares 99,294,584,200
Board Lot 1,000,000 Free Float Level(%) 56.60%
Par Value 0.01 Foreign Ownership Limit(%) 40%
Last Traded Price 0.0050 Open 0.0050 Previous Close and Date 0.0049 (Dec 23, 2015)
Change(% Change) up  0.0001 (2.04%) High 0.0050 P/E Ratio
Value 220,900.00 Low 0.0049 Sector P/E Ratio
Volume 45,000,000 Average Price 0.0049 Book Value
52-Week High 0.0074 52-Week Low 0.0046 P/BV Ratio

The nice feeling of owning an $AR stock is you could easily have 1,000,000 shares. Now the masked gurus are learning something new from us, we don’t analyze with price movement alone, we include volume and we understand how price/volume influence the supply and demand of a stock. Right now, there are only 103,550,082,574 shares circulating in limited hands of the public. Some are still holding up at above 0.0074 level and hoping someday they can get out. All technical indicators don’t sum up to a very good opportunity so there are only two reasons you are keen on $AR

  1. You’re “ipit” and wanted get out above 0.0074 or a break-even will do
  2. You want to operate this stock Livermore-style, what you have in the market right now is worth P517,750,412.87 worth of shares, you need about P130,000,000 to effectively push this stock. Where did I got my numbers? Well, the difference between you and me is I’m not a booksmart. This is the separation of the men from the boys, the guessers and those are really in control, gets?

So how’s your fundamental and technical analysis?

As mandated by law, being a Certified Securities Representative, I can not guarantee against loss. And this is the first time you’ll see a recommendation like this:

Recommendation for those in category 1: SELL ON LOSS

Recommendation for those in category 2: Create a group, build a budget or go fuck yourself.

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