ARH - Australasian Resources

[Sumthinggg]

Hey all,
Just was wondering what your thoughts were on how the market may react to the news over the deal signed, could we see a huge jump in price or just a small one? do you think the interests there!!!
thanks

 

[ALFguy]

Trading lower than before the ann? What on earth!
Seems like an excellent buying opportunity - correct me if I'm wrong.

 

[Sean K]

Looks like day traders jumped in and when there was no follow through started dumping it.

There is still a few questions about funding this project, yada yada. And it's at least 3 years off.

I was hoping to get $0.25 today. :-(

 

[stock_man]

Update at 10:30am
Open: $0.235
SP: $0.205
Volume: 23.6M
Trades: 447

Definately lower than most people on this thread expected.
Seems to be dropping as time goes on.

What I find interesting is the high volume, yet low trade counts. Are the big guys selling off?

 

[dubiousinfo]

Looks like it was buy the rumour sell the fact.

 

[ALFguy]

There is (or should I say was) an undisclosed sale at 21c.

Beats me why the drop but I'm in at 20.5c

 

[Makavel]

one word looks like a sinking ship the market depth with the amount of sellers with the large volumes their selling.

i reckon you will see them soften up even more.

 

[ALFguy]

one word looks like a sinking ship the market depth with the amount of sellers with the large volumes their selling.

i reckon you will see them soften up even more.

urm.....looks like you're right.

 

[Makavel]

Of course I have learnt this game from the best.

The point I will like to raise is that if this company is so good release, statements or announcements mean NOTHING.

Market sentiment and other factors can turn a positive announcement into dust. Its all about the belief the shareholders have in the company and its directors. Not just the people who are you day traders who jump in and out but the people who are long term investors and believers.

At the end of the day this stock should be doing alot better with the so called deals etc.

 

[MalteseBull]

you'll find that most of the people that are affecting the market depth are the short term traders and the day traders..

the future of this company looks bright and i will be holding for the next couple of years...it will reach the levels of Fortescue...

 

[Makavel]

Fortescue eh i find that very interesting dont think so.

The amount of sellers on this stock is too strong.

NO FUNDAMENTALS

 

[Sean K]

Regaining ground again. The undisclosed bid at $0.18 moved to $0.19. Probably end up where it started!

 

[Makavel]

nope.

 

[adobee]

This is trading at 0.17c this morning.. What a disappointment; positive announcements result in a 10% drop, I guess nobody shared my confidence..

 

[Sean K]

I jumped off at $0.19 yesterday.

Buy the rumour, Sell the facts....

Hope for you believers that it recovers soon. I don't like the deal with Palmer on the information provided.

 

[Rustaf]

G'day,
Please be gentle with me as I'm very green but can someone tell me why so much volume for ARH today?

Thanks!

 

[Freeballinginawetsuit]

Look back at its last pushes over the past 1.5 months, todays volume was nothing. If you chose to enter ARH make sure you exit before 20 cents. Personally I'd leave it for a while and see what pans out for this push. If it fails in volume, 15 cents is a reasonable entry point. Be aware ARH is a speccie with ramped announcements to boot.

 

[iliamanolev]

Hi folks there is a rumor that arh has signed (or is just about to sign a deal with an Indian campony) where joint venture will be formed at around 50:50. How much the shares will be worth after this joint venture is completed any one. The Indian company will provide 50 % of the funding for the project.
Thanks!

 

[johnmwu3]

ARH may get a Chinese steel company to join the project, and It may be China Metallurgical Construction Company to build the plant.

 

[iliamanolev]

U may be right on that i personally haven't heard that but i am 95 % sure on the Indian company joint venture. Do u have any idea what this will do to the share its 50:50 joint venture as i mention. I am calculating around 25 cents a share minimum but i am very green when it comes to predictions.