Member Info for Daisan

A non-executive unlikely to be an insider? That's novel! From my experience this is not the case. They may not be involved in the day to day operations but these are unlikely to be market moving unless there was an operations halt for example and you can bet that the board would be informed of that.

Good news. Particularly as it is the CEO (a finance guy by profession) and the CFO. They are not parted with their money lightly.

It is too early on Salinbas to attract that kind of interest. What would really put a fire under the share price is if AAU could drill a hole with 60.6m @ 82.2 g/t Au (one of the drill intercepts from Hot Maden). Then the market would start considering Salinbas to be Hot Maden II. Until then perhaps the market is watching and waiting for conclusive evidence. Still, there is time to build a significant stake in anticipation especially as there does indeed seem to be a significant seller in the background drip feeding the market with shares.

Certainly easy to buy and sell at the moment so no liquidity issue that I can see. If it is MTR selling then they are doing it differently to most other times. Usually their cohorts start ramping the b******s off of the share on Twitter to create the demand necessary for them to shift their shares and I don't see much of that at all, just slight bewilderment!

I have followed AAU off and on for the last few years and appreciate that the company has struggled to make progress but it did actually manage to get a mine going eventually even if there were fits, starts and placings along the way. However, given the reaction today (what reaction?) to what should be considered as rather significant news, I hadn't realised quite how unloved it was!

Snap!

This continues the theme from the last RNS and suggests that this could be a significant resource (some excellent results included in there - I hadn't seen the 135m @ 2.28g/t result before - that is world class). Perhaps the key comment is this though: "Ample funds available for follow-up work during 2018, with other exploration and development spend across the portfolio expected to be supported from cash-flow". They clearly feel that the market is mistakenly believing that they need to raise in the short term. This deserves to be a lot higher.

Unfortunate timing of the original post and events will now be dictated by the financing going forward, but just to point out that Mankayan has been written down to nothing (I believe) for a reason - there is very little chance that it can be sold now given the regulatory framework in the country.

The whole presentation just reaffirms how prospective all of their licence areas are. The grades at Baroi make you understand why Steve is so interested in that as a target.

I sincerely doubt that this is a takeover target. Perhaps when the market capitalisation reaches �0.5m it will be considered a shell for a RTO, until then it will just struggle along on its own.

Ha! That's great. I am always amazed at the amount of effort people put into these things and this must have taken some time. Good stuff.

Another upbeat statement regarding Tulkubash development. I particularly like this quote from Robert Benbow: "It is clear that an ongoing exploration programme will be an integral part of our business plan. We look forward to commencing our next season of drilling and project development to deliver Tulkubash as an oxide heap leach operation of significant scale." They are obviously growing more and more confident about the potential for the oxide ore so the resource statement will be interesting reading in January. Of particular interest will be what they say about the continuation of the deposit as, once again, they have suggested that the mineralisation extends for 10km. Even more interestingly, the oxide zone runs parallel to the sulphide zone. Just how big is this deposit going to end up being?

The share price always defaults to automated trades irrespective of the mid price. The price doesn't shift per se but shows the last automated trade price.

Agree with the positive fundamental outlook laxeymouth. Unfortunately the focus of the market is purely on the need for funding in the short term. There is clearly an expectation of a discounted placing which is driving people to sell.

This is poor. A new 52 week low at a time where we are waiting for a funding update. Clearly some are voting with their feet. You would expect there to be some support around 1p but if that and, in particular, the 0.91p all time low breaks, it is unclear where this will stop. From a technical perspective the chart looks just horrible. That said, a bounce off 0.9p would create a massive double bottom which could signal the turnaround. From a fundamental perspective the funding requirement is hanging over the share currently so resolution of that will certainly give it a boost. The resources here are very strong so any suggestion that they are getting to grips with moving this to 100k oz production should send this sharply higher. At these levels, these resources and 100k oz production, this would be the best value gold miner on the market.

As has been said many times, share prices do not move in a straight line. Just because something drops after a steep rise does not mean that anything has changed, the company is in a bad way, 'somebody knows something' or any of the other things that private investors come up with on these boards. Share price movement is simply a process of buyers v sellers each of which has their own reasons, time frames and drivers to trading in whatever way they see fit. As such, at some point the share price will come under pressure as people decide that their own particular criteria have been satisfied, whether that be positive or negative. As proof of this it is worth looking at the history of ARS's share price over the last year or so. It is picture postcard performance and worthy of a study. Just eyeballing (without using candlesticks or any decent charting software) you can see distinct rises followed by drops and consolidation. Firstly from 1.3p to 4p ish dropping to 1.9p, secondly from 2.4p to 5.4p dropping to 3.8p and finally from 4.3p to 12.3p and dropping to....... we will find out soon but I would expect support to be not far off and at some point it will stabilise and go into consolidation again. Remember, consolidation can last for quite a while in the absence of news but we know that there are significant news items to come and these can change the whole complexion. So, traders will look for these highs and lows to get in and out of shares whilst investors can look at dips in a bullish set up (I would suggest that this is one) as opportunities to increase holdings. But nobody calls the top or bottom consistently or even often.

Finncairn, I can certainly understand people selling when price targets are hit (great to set them), when they are disturbed by a drop (these can happen and on AIM a 50% drop can still be part of a bullish set up but still they can be unnerving) or where they feel that the fundamentals of the company/sector/market have changed. But it is the first time I have seen someone post that they have sold because they can't bear to read somebody else's posts! 10/10 for honesty but you are right, it does sound mad! You have to respect people's decisions on their investments so I wish you good fortune on whatever you choose to do with your funds (but I would spread them around a bit).

Interesting. So how much oil does Taymura contain?

Smoggy63, An estimate of the capital costs for BKM are contained in the PEA: http://www.asiametresources.com/i/pdf/2016-05-19_BeruangKananMainZone-TR-PEA.pdf Section 1.20 to be precise. However, as they are currently working on the BFS which is due to finish in Q1 next year, these figures are likely to be revised/firmed up and should provide a more accurate assessment. As to how this will be funded, this is typically a combination of debt and equity with the former tending to be a larger component than the latter.

It's pretty typical AIM stuff. People will be banking their profits all the time but when some news is anticipated this can either accelerate or decelerate according to whether the news is good or bad or indeed if it is perceived to be late. Each day will change that buying dynamic as well as each movement in price (fear of missing out, fear of losing profits, etc.). In the long term the value is reflected in the market capitalisation. As regards Beutong, the licence, whilst significant, is not the be all and end all and whatever happens when it is released is not the end of the story. If you recall when the BKM PEA was released there was an initial spike followed by what can only be described as a collapse. And yet we are well above even the spike level now. If you are a trader you obviously need to keep a sharp eye on entry and exit points and TA is a potential weapon in your arsenal. However, for longer term investors keeping track of short term movements too closely will only lead to frustration.