Member Info for Chartist2

In case "they" try to go fishing for some more weak holders tomorrow: - Safe to hold as long as 6.30 - 5.85 is maintained - First positive sign if 6.50 regained - In this case rise to 7.25 - 7.70 possible From there lets see. Not betting. Just technicals.

...554p. Are we flattening out now finally...? Some more sellers?

Thank you thank you investigative journalism!! The market eventually forced the Bod into a direction. I for one prefer the truth over blatant lies. -> Company directors now likely calling around to get confirmation by financial allies at what stage to support the Sp. Not sure what they can promise JP Morgan, but one way or another ARS will need new large buyers asap! Lets be happy: The majority here seems to hold 2, 3 or 4p average as you can read. And holders already profited untill 10, 12 and 14p this year. I think its fair to ask shareholders for a little dillution.

jeffry, it could be that they first try to put some more pressure in the morning, and then buy it back up. IMO company directors were trying to release their financing problems early Monday while the share would rise a little... But this sudden indonesian reporr forced Peter Bird to a statement, at the worst possible time. I think this is what the six months 100k seller was all about. IMO they will tab the market and raise shares at some point this winter.

Quite a few investors washed out by now.
So lets see if there will be a new entry-festival tomorrow morning. Some peeps probably just caught on the wrong foot with AT stops... might look to get their shares back.

Patience pays. In my world this also means investment discipline and wait for the right signals.
Each to their own, Daisan!

Lets see if some of these trades can at least re-establish the important 7.25 tomorrow.

And lets see what JP Morgan says.

IMO could be supporting buys.
JP Morgan, are you helping out tomorrow? :))

18-Oct-1815:30:307.10 / 500,000 Buy / 6.26-6.40 / 35.50k O

Looking to come in with 3 x 140k one of these days. Very nice price coming up. But first lets see how tomorrow stabilizes on the TA chart.

I think ARS is now calling around for financial / ii's support. Personally I would hope they would announce a T/o in the coming weeks.
Spinning too large wheel, have we, Mr Bird?

...and 6.55p.
IMO company desperately calling around trying to look for supporting 500k buyers.

Now we know why insider has sold 50 x 100-150k shares in the past six months.
Truly sorry for large LT holders!

Nickel_Investor, this share has seen several odd trading patterns in the past:
Sudden selling from 11.05-25.05.2018 (12 -> 10p)
The selling from 15.06-24.08. (11.30 -> 8.80p)
The selling from 14.09-18.10. (10.55 -> 7.70p)
Just an observation from tradesignal-online. Pattern recognition and so on.

In my opinion this explains the 100-150k seller that has appeared on here for the last six months. The inability to climb 10.50p was because "there are issues ahead", for whatever reasons.
In the end the Sp speaks the truth.

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"Opened at 9.9 and dropped to 7.75 without those 2 rns. Holders should complain to management. That's an appalling leak to a few." Nickel_Investor

Haha, allow two minutes of laughter: IMO its funny that the company was actually forced to issue a statement right this morning, while preparing their company updates for weeks and weeks and weeks. Thank you Tony for your pre-update - before the long awaited real update we are waiting for :))

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"...prior to release of BKM & Beutong update today, Asiamet can report that the Beutong IUP is in good standing & in compliance with the rules and regulations of the Ministry of Energy and Mineral Resources."

Sp touched the crucial 8.80 for a minute, but bounced off for now.

First good sign if the Sp maintains 8.10 at all cost.
Next positive sign if the 8.45 barrier is climbed.
Valid buy signal from 8.80.

...and 8.49p.
Happy if at least the month long support at 8.50 line will be regained.

But I think ARS could quite well re-establish 8.75p+ later on.

Fcruz, please excuse my pigeon english!
Maybe this helps to clarify:

"New rise today ONLY IF the 493.80 barrier is climbed."

No recommendation. No suggestion. No betting.
Just TA facts.

"...the gold mine in Beutong Ateuh Banggalang, Nagan Raya was worked by a mining company from Singapore. Currently the company has obtained a production permit."

Might explain why "the news" everyone was waiting for last year November did not create any substantial rise. Whoever spent more than 1 day in the region must have realized that this is disputed land. Even a tourist you could have found that out.
Personally I am a little disappointed that ARS shareholders are last in line to know.

...and buyers for 8.35p!

If 8.75 - 9.20p are re-established today, then everything was a treeshake before the next company update.

Small support building now at 8.15p.
Lets see then.

If 8.50 are not re-established later this afternoon, then retrace to 8.15 - 7.85p.
If this support does not hold, then retrace to 7.25 - 6.95p.

I am sure that company directors have been informed a while ago that there was something going on. This IMO is the only explanation for the constant seller as well as grinning Steven Hughes jumping ship.

Still holding just a small 140k chunk. But did not buy may main shareholding yet.
Best of luck with your individual strategy!

New buy signal only if 8.80p are climbed.

The Sp speaks the truth.
Explains the month long selling behind the scenes.

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Current weeklong (mini) uptrend remains fully intact, as long as 9.85 held.
- Why would a large holder sell mid sized chunks on the open market ...over a year?
- No private holder can sell fifty 100-150k slices (and wouldnt make sense really).
- Why would Asiamet try to hold the price around 9-10p?
Time will tell.

Decent little rebound now.
New rise ahead today, only if 493.80p are climbed.