Asiamet Resources Share Discussion Threads

[x54v] 11/10/2017 16:56

"Breakaway gaps are the exciting ones. They occur when the price action is breaking out of a trading range or congestion area."

"Volume will (should) pick up significantly, not only from the increased enthusiasm, but because many are holding positions on the wrong side of the breakout and need to cover or sell them. It is better if the volume does not happen until the gap occurs. This means that the new change in market direction has a chance of continuing."

"Don't fall into the trap of thinking this type of gap, if associated with good volume, will be filled soon. It might take a long time. Go with the fact that a new trend in the direction of the stock has taken place, and trade accordingly."

[dorset64] 11/10/2017 16:43

Checked in a couple of times today to see the share price firstly rise as expected on such good results, then as usual start to fade away with someone continuously hitting the bid.

Just looked in again now and was actually amazed to see not only that we've stayed blue, but the fact that the share price actually rose into the close and finished the day off at its highest level for over 4 years.

Well pleased with todays action IF its remains blue for the rest of the week although, and don't shout me down but I guess the chartists amongst us won't like the gap formed earlier today but hey, not all gaps are filled.

[tromso1] 11/10/2017 16:35

Good to see a strong close and a decent blue day and a positive reaction to the RNS.

Also good to see that copper is strengthening again -

[mount teide] 11/10/2017 16:32

L2 - Yep, it looks like the MM's have finally decided to call it a day, release the hand brake and let the share price close at a new high on a good news day - this should bring the momentum traders in tomorrow.

[adorling] 11/10/2017 16:31

Cyber - we did it eh? Got to be worth a few beers tonight!

[adorling] 11/10/2017 16:30

Well done that person who just invested £50 in ARS at 5.8p!

[x54v] 11/10/2017 16:26

Price has gone sideways for the past few months while the good news has just kept flooding in.

Now is the time for a strong breakout and for price to start trending strongly upwards again.

[adorling] 11/10/2017 16:23

We are in breakout territory! Can we disprove the theory that yet another great RNS upgrade results in a red ARS day? Those MM’s have certainly robbed the blind today and many sellers will live to regret their decision.

[x54v] 11/10/2017 16:18

Price strengthening again by the looks of it.

[walter walcarpets] 11/10/2017 15:11

just has another little nibble here. GLA

[mattjwhity] 11/10/2017 15:09

$3.08 copperBe nice to finish blue.. it will feel odd though lol

[mr roper] 11/10/2017 15:00

buys coming at the full ask now..might be another tick up before close. Would be nice to see. TM hopefully going to have a Momentous evening tomorrow night :0)

[maverick247] 11/10/2017 14:44

Copper is indeed and nickel too

[mr roper] 11/10/2017 13:06

copper looking strong again today..

[tromso1] 11/10/2017 13:04

Amazing grades -


"Our VP of exploration is truly thrilled" -

[mrpiggy] 11/10/2017 12:38

Let's hope we can hold on to some of today's gain, that in itself will be a positive sign we are turning a corner!

[walter walcarpets] 11/10/2017 12:35

Mr R.......and we all know there's a nice big supply deficit coming in both copper and zinc.

[mr roper] 11/10/2017 12:21

remember this is just the scout drilling results...Still a fair chunk of proving up to do but the results to date suggest it's a world class zinc find.

[charles clore] 11/10/2017 11:45

I think perhaps as many as 750k of the trades could be rollovers published as sells.

[x54v] 11/10/2017 11:31

Good volume today.

And nice to see some larger buying coming in. The 598k @ 5.7p is £34k.

Some more buying like that and the supply will be quickly eroded leaving price to break out and start accelerating higher.

[amaretto] 11/10/2017 11:08

You've got to remember that Tony is over at the moment having various meetings in the city, he has the Momentous event tomorrow evening, no doubt he'll be on Proactive over the next day or so waxing lyrical. Plus you have the chart perfectly poised for the next leg up, copper recovering and we're getting ever closer to November when we expect our Beutong permit. Oh, and listening to a conference call with him yesterday, there will be rapid fire drilling updates between now and Christmas so clearly momentum will be maintained and with drilling results like today, I'm optimistic those results will be not just good but amazing.

Word is getting around, the JP stake adds to that credibility. People will be whispering in the city and as we gain interest more and more will jump on board.

I think we're on the cusp of the next leg up...

[charles clore] 11/10/2017 10:57

Shaking out weak holders now. Nothing to do but sit here, jaw dropped in amazement at the apathy. I was wondering if this morning's gap-up might be filled at some point. Might be a good trade for someone.

[2lb] 11/10/2017 10:55

Standard red day on the way for yet another positive RNS

It's almost funny now.

Sadly when you place a big pile of shares in the hands of traders at 4.3p then release good stuff in the 2-3 months that follow then this is what happens.

It will all be history at some point but will continue to frustrate until BFS, Beutong or both blow us out of this range..

Its actually held up pretty well so far considering the level of dumping on news.

[amaretto] 11/10/2017 10:54

598,000 @ 5.70

Someone's not waiting for a pull back...