A RARE BUY

In many ways, the work of a critic is easy. We risk very little yet enjoy a position over those who offer up their work and their selves to our judgment. We thrive on negative criticism, which is fun to write and to read. But the bitter truth we critics must face is that, in the grand scheme of things, the average piece of junk is more meaningful than our criticism designating it so. But there are times when a critic truly risks something, and that is in the discovery and defense of the new. Over a last couple of days, I have immersed myself into the details of ABG IPO. To say that both the IPO and its issuer have challenged my preconceptions is a gross understatement. They have rocked me to my core. In the past, I have made no secret of my disdain for an existing owners rushing to sell out their stake in the company while promoting it to others and that too for a new and risk venture. But I realize now that the exercise can be truly an earnest effort more so if the venture embodies in itself not only the potential of the future but also legacy and protection of the past. It is difficult to imagine more strong fundamentals that can be imparted into a new mining venture which has all the potential rewards of a new exploration company which can offer manifold returns while risk associated with such investments has been largely diluted. I hope to revisit my ABG rating soon, hungry for more upside.