Asia Resources Share Discussion Threads

[mike_f] 23/11/2009 13:17

MM's very tight on stock it seems, neg trade to buy, back to open?

[mike_f] 23/11/2009 13:11

Could we get back near open today!? Volumes are great and MM's look short, all buys at full ask now and pushing up on nearly every trade... keep it coming :)

[21simthy] 23/11/2009 13:10

First in 3.4p, not bad i suppose but they have let too many in too low
so when it turns there will be a few traders getting out quick.

3.75p bid so 10% before charges for first ones in, better than nothing.

[mike_f] 23/11/2009 13:09

No i'm still in IGE and i belive they will come good...

Wish you'd got in now??

[21simthy] 23/11/2009 13:08

I see a few sale in IGE :-))

So you sold them to buy these :-))

[mike_f] 23/11/2009 13:06

Ticking up fast now... 4.75p Offer!

[mike_f] 23/11/2009 13:00

Good post andrbea, more upside here IMHO would like to get back near 5p. GLA

[andrbea] 23/11/2009 12:58

reckon it's a good buy
asr do gold bullion & jewellery

press wires today speak bullishly about gold:



Gold price is booming. As markets opened across the globe on Monday, gold prices hit a new historic record of $ 1,166.45 an ounce in Europe, boosted by weakening dollar. Bullish over the big weekly opening for gold, bullion analysts are now predicting that gold will touch $1,200 per ounce this week.

[mike_f] 23/11/2009 12:56

GL, let's hope we get back to 5p or near to! Over reaction to the sell and PI's taking advantage of the discount. GLA

[2millionaire] 23/11/2009 12:53

i've took a few, been wanting these for a while so the shake good for me. Think it was a shake for the complacent.

[mike_f] 23/11/2009 12:51

Offer up to 4p, volumes building, looking very strong atm. GLA

[mike_f] 23/11/2009 12:46

Lot's of buying at the mo... looks like we may be on for a strong finish... GLA

[21simthy] 23/11/2009 12:43

Mike.

Much bigger trade to show, quite obvious given all the buying.

Only 2 mm's, what happens when these traders all want to get out.

Rather you than me.

[mike_f] 23/11/2009 12:43

100k Buy @ 3.725p just in... keep 'em coming :)

[andrbea] 23/11/2009 12:42

Share price had been moving positively (up 1p since August)

"The Company is currently investigating projects that will assist in sourcing
more raw product and continues to seek investment opportunities in the gold and related industries"

as a mission statement, sounds good to me against a rising POG.

reckon the one distressed seller has to get out at any cost
no reflection on the company IMO

forced sellers are the reason why many a good company has dropped sharply in recent years: eg fts got hit by forced sellers last year, ... but is today's biggest riser.

nia dyor

[mike_f] 23/11/2009 12:34

3.725p Ask now...

[mike_f] 23/11/2009 12:28

There is the sell that must have pushed the share price down in the first place... 1Mill, that has been covered with the buys come through already so hopefully this can push back up towards 5p now. GLA

[mike_f] 23/11/2009 12:19

Tick up... 3.5p Bid now, maybe the overhang has been cleared? Continue to push north now please. :)

[mike_f] 23/11/2009 12:08

80k @ 3.6p... GLA

[mike_f] 23/11/2009 11:54

MAIN FACTS:

-Profit after tax of MYR 1,546,000 versus MYR 2,028,000

-The basic and diluted earnings per share were 1.03c versus 1.35c.

-Group cash generated from operations has increased from MYR 1,047,000 in 2008 to MYR 4,501,000 in 2009 and cash from operating activities is now positive at MYR 2,073,000 (2008 negative MYR 2,010,000).

-The board has identified opportunities for enhancing margin with the creation of a bespoke, branded product.

[mike_f] 23/11/2009 11:22

122k Buy on PLUS. GLA

[mike_f] 23/11/2009 11:12

We will see... no news has caused the fall though so no reason why the share price won't go back to where it was!

[21simthy] 23/11/2009 11:10

mm's dont just drop a price down x % to let somebody buy !

That's a load of rubbish, there has to be a trade in the opposite
direction.

FFS surely you must know this by now ?

[mike_f] 23/11/2009 11:09

Then why the 2 500k Buys? That has already been filled if the case!