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Many people are buying on the dips. Has anymore been said about the BFS date? I'm expecting it in March.

I agree. I was expecting it to reach 13p initially then up to 15p. Hopefully we will have some drilling results then the BFS in March.

Whats the source for a change in date for the BFS?

Cheers for the reply, I read a bit of TA a few years ago but haven't touched it since. Elliot waves rings a bell. What do you expect to happen once 12.80 is reached? Does this become the new support level? My initial thinking, assuming it reached 12.80 as per the Elliot wave you suggested, is that anything can happen until you see another pattern emerge which you recognise and the process of trading happens again.

Updo, I've been here since before the PEA so I'm comfortable with my research of ARS, I even built a model for BKM and distributed to other shareholders. My question about 12.80 was a response to Chartist's view of why he thought it would extend to 12.80. It has nothing to do with short term profit or trading this stock. Its more to do with his thoughts as to why because I presume he used TA which I don't use.

I use FA as opposed to TA so would be nice to hear if anyone had amy ideas as to why. Due to the little volume, I suspect it's more than just simple supply and demand. Do you think the share price support will extend to 12.80 after breaching 10.50? That's seems a large price extension. Clearly, if you are right, then it's good news for those who bought in at the recent spike at 12.25p.

A greal day today but I'm pretty stumped as to what was driving this. It seemed the price rose on very little volume.

Mike, you are correct to state that it was Steve and not TM or PB who mentioned November. However, it would be fair to say that Steve represents the company just as much as TM or PB, and that every piece of communication would have been 'signed off'. Especially something that has been repeated numerous times.

Anyway, I hope the licence comes this month, it would be great for ARS. I think Steve's insistence on November (as oppose to just saying hoping to be November or EOY) indicates a higher confidence on the success of the licence.

You stated "please post the link where TM mentioned this month", which I have done. I wouldn't accuse others of "do you know any thing about the company" if you haven't even heard what the management expectations are. Know your shit or know you're shit.

I never mentioned TM stating it, but "The expectation is that the Beutong licence is coming this month". Watch the first video on this: https://twitter.com/PurleyPlumbers

What is it about my post you actually disagree with? "Expectation the licence is coming this month" I think there are at least three interviews stating this. "Market not differentiating between ARS getting the licence and the market being informed so". Obviously this is just an opinion but Ive only seen people expect the RNS irrespective of whether ARS actually have the licence. "dips will get bigger if we see no sign of the licence RNS". Again, just an opinion, but the dips I have seen most mornings are getting slightly bigger. Please point out where I stated this rise was solely based on the licence!

The expectation is that the Beutong licence is coming this month. I think the market hasn't differentiated between ARS getting the licence and the market being updated that ARS has got the licence. I believe the dips will get bigger if we see no sign of the licence RNS.

OldGasBag and MajorJV - Are you both expecting these Mcaps within 12mnths?

I appreciate the optimism, and of course everyone hopes this goes as high as possible, but I'm thinking the SP will only 1.5p by EOD after the suspension.