Archipelago Resources Share Discussion Threads

[typo56] 31/7/2013 08:10

Isn't it ex-dividend 2.25p today? That's not reflected in a price drop.

[yorgi] 30/7/2013 14:30

In my opinion the share price is where it is has more to do with the general malaise in the sector than anything to do with AR. which has performed well and on fundamentals looks cheap and we also know they have a "bob or two" available to increase their assets :-)

[yorgi] 30/7/2013 14:25

We can hope so :-) As you can see from the graph the AR. share price has at times made quite rapid movements but at present there seems little sign of that.

[p4ulinho] 30/7/2013 14:19

price seems firmer last couple of days. Maybe the seller has finished.

[spellbrook] 26/7/2013 19:03

Bodicea...

Redemptions is what I heard,,,,,I believe we are nearer the end of the redemption

IMO...


Dividends
Aquasitions
Great management
Second pit to drill close by
Keeping costs down
Looking to further drop costs

[phoenix1234] 25/7/2013 18:26

Archipelago Resources - interim results, broker reaction

[boadicea] 25/7/2013 16:59

Results fully met my expectations, the market response is disappointing.However, there are many urgent sellers in precious metal stocks and today gave some holders of AR a chance to liquidate without trashing the share price This could likely be funds experiencing redemptions and just needing to sell whatever is to hand that currently has a sufficiently supportive market to absorb some quantity. If so, it's a pity they couldn't wait for it rise a few pence first! The story is good one and there should be some excellent reviews and comment in coming weeks.

[hard work] 25/7/2013 15:17

maybe Rajawali cashing in on their recent exercise of options

[spellbrook] 25/7/2013 09:14

juju...must be a seller....


Looking forward to the divi

[juju44] 25/7/2013 08:58

so why is it sitting at 40p . I may revisit the piggy for more funds

[spellbrook] 24/7/2013 22:56

We expect the company to maintain its strong production and cash generating profile for the remainder of 2013."

Rating the stock a 'buy' with a target of 68p, broker Canaccord said Archipelago remained its "key pick", given that it has the lowest costs among "our coverage of US$930/oz (2013 all-in costs versus peer average at US$1,270/oz) and strong cash generation as a result".

"Exploration upside also remains well in place with further reserve upgrade likely in the next annual revision.

"We should also note that with the US$1,150/oz gold price used in the reserve calculations, the mine plan looks robust even at the current gold price," said analyst Dmitry Kalachev.


[...]

[spellbrook] 24/7/2013 21:13

There has to be a seller IMO....here is a company

Keeping up production
Reducing costs
Paying dividends
Looking for aquasitions
Looking to further expand near toka mine


If my calculations are correct divi equates to 5-6 percent

[yorgi] 24/7/2013 15:00

I would agree with that Juju, the markets reaction so far makes no sense at all.

Maybe Molatovkid is right there is a big order being filled.

[juju44] 24/7/2013 14:57

ok i have bought . The market reaction is often the wrong one in situations like this .Next few days should turn it around

[juju44] 24/7/2013 14:44

it gapped up at the start and now selling is rel;entless so i wait to buy when it falls to the gap again

[contrarian2investor] 24/7/2013 11:50

Gold bugs,

Every $10 move higher and nearer to $1400 will squeeze more GOLD BEARS/shorts into submission. So I have repurchased Archipelago Resources AR. Today's good results & profits on lower costs prompted my purchase. Plus paying a dividend. Looks cheap to me BWDIK!! GLA c2i.

[molatovkid] 24/7/2013 11:47

Ok...if this was all selling, then the price would have collapsed.
So it is all buying, why hasn't it gone up more?

My bet: A big order is being filled.

This same process happened with Coms - it was held in position for quite a while while a big order was being filled.

Amongst a host of others, there is a single buy order showing on L2 for 84,000 shares at 39p

[yorgi] 24/7/2013 11:13

I think you will find they are Molatovkid.

My buy showed up as a sell.

[molatovkid] 24/7/2013 11:10

It looks like a rush for the exit juju...but I'm not sure it is all it seems. I did a dummy trade and when it was showing 41.5p to buy I was quoted 40.8. So those sells could be buys.

[juju44] 24/7/2013 10:48

amazing rush for the exit. its a very miserable share but its worth more than this. time to open piggy bank

[molatovkid] 24/7/2013 10:08

Just bought a few more...a lot of buys are coming in so I reckon this is going to pop soon.

[yorgi] 24/7/2013 09:52

We will be able to next month Ronnie :-)

[ronnie corbet] 24/7/2013 09:46

unless we have a seller this is silly.

I'm scratching around looking for something to sell to buy more. I wish you could put the in an isa

[gwr7] 24/7/2013 09:45

It beats me how people will buy into cash consuming dogs while solid earners like this are unloved. Not that I care. I'll just reinvest the dividends.