Member Info for Daisan

A negation of that trade I believe. I suspect that we will either see two more 500k trades or this was an error that was subsequently corrected with the 250k trades immediately after.

This time for 150k @ 18.7p. Persistent, our seller.

Bushveld price falling But still difficult to buy Trees shaking

Ah well. I was hoping for a string theory discussion to while away time during these 'dog' days.

There's a Haiku in there (slightly modified): inevitable but timing is uncertain such is life

'String buy' Pdub? Is that as in a ball of string or the far more intriguing prospect of buying into the concepts postulated by string theory?

Interesting. As you say, it can only have one impact on the market.

I haven't checked if it is difficult to buy but I take your word for it. If it is then they are presumably collecting the shares to fulfil an order.

The 500k came just before the 250k trade I believe. If the 500k is a sell, I see no reason why we shouldn't see another 500k trade pop up with exactly the same time stamp later.

Endion, Obfuscation.

The 250k sales seem to be coming in pairs again, continuing a previous trend. Of course, they appear all over the place thanks to our very transparent system of reporting trades! This also continues the trading pattern of a small number of large sells and a large number of smaller buys. I believe the 'removing the 250k sells' comment was meant to suggest that once our large seller is exhausted, the buys will overwhelm the sells and we should see a good markup. We saw this a few days ago when there was a selling pause and I tend to agree that this will happen again.

Ophidian, Agreed. This process is unlikely to go on for much longer but may well go a little lower. The h&s pattern looks complete to me which suggests somewhat lower. The selling pattern is continuing today to support this. I look forward to indications that the selling is drying up.

Ophidian, Just need to see where it stops in the current corrective phase then.

Well, I would suggest waiting for Ophidian's comments as well. I am probably talking out of my bottom - a not uncommon event.

Pdub, I think that we are agreeing violently.

Not sure anyone suggested it was priced in - everyone violently agreeing! The BFS is a separate issue to any underlying porphyry. It will, obviously, not be included. As to how the market receives the BFS is dependent on whether the persistent seller has gone, whether there is anything materially different to previous reports (I suspect that the definition of the very high grade starter pit will provide a shorter payback period) and, more specifically, any reference to funding. It is this last that could push ARS onto its next stage of appreciation. That and Beutong drilling, BKS, Baroi, etc......

Pdub, The point being that those companies changed their strategies, resulting in them selling their holdings. Obtala tried to do this in an off market transaction that fell through so they sold them on market and trashed the share price. Which we should all be grateful for as this gave a great deal of us the opportunity to start buying in 2013.

Endion, We have seen a number of days repeating the pattern of lots of (relatively) small buys and large sells, the latter being generally delayed in reporting. Until proven otherwise, I have to assume that this will continue until the buyer/s is/are out of shares to sell. There have certainly been a number of sells over the last few days/weeks.

Sanchez, My view of IIs was certainly not based on an ethical consideration but merely a strategic one.

WARNING! A little knowledge is a dangerous thing!!!!!! So, using my primitive knowledge of Elliott Wave, Ophidian is projecting that we are in the final corrective phase of a Wave 4. If that is the case then the price cannot go below the highest point of Wave 1 which, if we take this to be early April 2017, is 8p. Ok. I am reasonably confident that we won't go anywhere near that. However, it could well go lower than the low of the first corrective wave in Wave 4. This is consistent with my feeling that we have carved out a h&s formation with a projected low of 17-17.5p (ish!). If that marks the bottom of the Wave 4 corrective move then we can make a projection for Wave 5 of the impulse move. As I recall that projection is based on the percentage move of Wave 1. Now, for simplicity I am going to say Wave 1 was from 2p to 8p. Applying that to 17.5p would give a target of 70p. Ophidian - is this an approximation to your view? Or wildly out?