Asiamet Resources Share Discussion Threads

[mr roper] 04/9/2018 14:21

Resistance is futile, Charles

[bmcb5] 04/9/2018 14:16

Thanks CC - sorry i missed that (skipped hundreds of posts after being out of town for a week)

MT - I suspect that anybody who is genuinely only interested in 2021/2, won't be reading this BB on a daily basis. We're all here to spot opportunities, no?

[mount teide] 04/9/2018 14:13

'10.4/5 looks to be a crucial level to break the descending resistance line from March 2018. If it pops above from here, it could get interesting'

For short term traders maybe - for investors i suspect 2021/2 post BKM first production will be of more interest!

[charles clore] 04/9/2018 14:11

Mr R, bmcb - see the chart I posted earlier this morning. Resistance is very strong at 10.5p. Comprises the 50 and 200 EMA and the top wedge line all trying to prevent it going higher.

[mr roper] 04/9/2018 14:06

Yup. If and when it gets through it'll be lively alright

[bmcb5] 04/9/2018 14:05

10.4/5 looks to be a crucial level to break the descending resistance line from March 2018. If it pops above from here, it could get interesting

[knokke1] 04/9/2018 14:04

Bego follows down to 9.96, leaing 10.00 x2 v 10.40 (BEGO), 10.50 x 3

[knokke1] 04/9/2018 14:03

LCAP drops bid to 10.00, down to 10.30 v 10.50 1x3

[dorset64] 04/9/2018 14:02

Buys outweighing sells is the reason we are leaping northward but it always amazes me how so many people are willing to buy a share when its going up, for fear of missing a profit, but have fear in buying that very same share when the price is red.

The answer is simple.... its called research and is why I have been increasing my stake here over the past couple of months like a couple more I know of. It is strange how people will buy now when we are blue, but not a penny or two lower as we were red.

[mr roper] 04/9/2018 13:59

Mr P I remember the trying to break 3p days too well. As I always say, folk are surprised by just how fast this can move. 9mths to break 3p then it doubled in a month. I see the same with 10.5p here.

[bsg] 04/9/2018 13:59

Doesn't that mean it wont last?

[charles clore] 04/9/2018 13:57

Volume is normally the price driver but today low volume is king!

[wisteria2] 04/9/2018 13:55

Why its moving up on low volume is strange! but not complaining...gla

[2lb] 04/9/2018 13:53

There is pretty much nothing available to buy and no willing sellers left at these levels after the deluge of offloading during August

With BFS and funding fast approaching plus Beutong gaining in profile and value the it will be interesting to see how it plays out given LTH will not want to sell having held through the mire and new buyers will be getting very interested buy orders can't be met.

If copper were to also rebound post an easing of trade and tariff tensions then the next month will get very interesting indeed.

[knokke1] 04/9/2018 13:52

LCAP moves up to 10.40. 10.40 vs. 10.50, 1x3

[mrpiggy] 04/9/2018 13:51

Now now Mr R, let's not get ahead of ourselves.

[knokke1] 04/9/2018 13:51

And BEGO steps over LCAP on the bid. LCAP moves up to match, ask adds .10. 10.30 (LCAP, BEGO) v. 10.50 (x3). BEGO ask rises to 10.75.

[mr roper] 04/9/2018 13:48

Starting to feel like it might have an afternoon melt up. 11p not an impossibility

[jackbal] 04/9/2018 13:44

Think the stock is just finding fairer value relative to peers and traders positioning in advance of BFS and financing.

Surely downside is minimal in the short term with realistic potential 100% upside, not sure anything more to this move than common sense buying before these two highly significant events occur soon.

Typical Ars price action, stealthily moving up with healthy daily gains long in advance of news.

[charles clore] 04/9/2018 13:33

So what's going on then? Anyone have an inkling?

[wiltshireram] 04/9/2018 13:27

Close at 10.75 or above would be nice

[knokke1] 04/9/2018 13:26

10.20 v.10.40

[knokke1] 04/9/2018 13:21

10.20 (LCAP), 10.10 (BEGO) v. 10.30 (x1), 10.50 (x3). LCAP ask drifted out to 11.45 9was 11.25 before), BEGO at 10.55 (from 10.20).

[bootie64] 04/9/2018 13:19

Any chance of a chart update please HB?

[fbrj] 04/9/2018 13:15

1 v 1

10.20 v 10.30 (then 3 x 10.50)

(getting hard to keep up!)