Member Info for hedged

I don't think that's at all likely because it would mean someone is potentially dealing with inside information and therefore potentially manipulating a market. However, what would ARS gain by allowing a seller when they have good news? Surely they'd want a bigger shareholder base with no sellers. What would the seller gain? Surely they'd want to sell at a higher price.

Looks like a huge seller was keeping this down today with so many buys going through this morning. Decent rise this PM and looking to see this rise close to 11p tomorrow.

I would also add that the BFS is a "gateway" to funding which the PEA wasn't, so even if the economics are the same, the BFS is valued slightly more due to access to funding it permits.

I don't think the BFS is priced in either. From what I recall TM mentioned some kind of optimisation to BKM so there is always the possibility that the BFS will contain slightly different economics to what we saw in the PEA.

I'm not sure it will double on that news alone but if you combine with the BFS over the course of a month or two then I can it getting pretty close.

I agree that once the RNS lands we will move higher plus the RNS for the BFS evenue more so, it's just trying to maintain some momentum so not to see the rise be followed by a subsequent fall.

I spoke to Peter last month too but didn't give me any indication. I assumed when they got the money it would have been quite a quick process.

Does anyone have any indication as to when we can expect news regarding the increase in ownership from 40% to 80% in Beutong? Iso it likely to be before the BFS or after?

I think the difference between the last piece of news (Beutong licence) which was late and this piece of news is that the Beutong licence relied on the authorities and therefore out of our control whereas the BFS relies mainly on our drilling results etc so we are in control of more components on this news flow.

I don't have any expectations for the SP but I expect it to rise for a couple of weeks before the BFS lands. If we are around 13-15p pre BFS then I guess I would expect this to only go to 17p max. But I'll assess when the BFS lands. I'm dreadful at predicting the share price so only do it casually.

It's dipped below 10 for the 2nd time. Gave me a 2nd opportunity to buy which I didn't do on the 1st dip. Do we think the BFS news will land next month or do we think there will be another delay?

What's people's thoughts on the reason of giving time lines out of kilter with previous RNS's. From what I remember, only 1 timeline has been missed which was the licence due in November but came in Jan. ARS has been pretty consistent otherwise.

But the copper price is just one catalyst for the ARS SP, the fundamentals of ARS are so strong, irrespective of the price of Copper, that I can also see 40p in the short term.

I get the feeling that people dont expect the copper price to move much within 1 year but will really start to move within 3 years and more so in 5 years. So, it's impact on ARS SP might not be as great this year but within 3 years much more so.

Who mentioned scientists?

Agreed. I prefer a system based on science rather than religion.

I, for one, appreciate Chartist's input from a TA perspective. I agree that the SP didn't fall as low as 7p and was surprised when it did dip below 9p. However, I do think that Chartist is one of very few people who provides a different perspective on the sp. I'm still waiting for it to hit the elusive 13.3p though.

I agree Daisan, I'd rather stayed focused on a couple of projects near term. It doesn't seem wise, in the short term, to utilise capital exploring Beutong one month, then off to Baroi the next, then back to Beutong.

I think someone suggested a question was put to Steve in the interview regarding the 600m drilling target.

Will do. Cheers. Someone did mention Q2 but I didn't find any evidence so disregarded it. DT - I used to think the same but it seems to me as the copper price increases, we know the NPV will increase too, even if we are approx a year and a half away from production.