ARV - Artemis Resources

[OmegaTrader]

Hi OT,

points taken, and I did say it's "speccie rules" that govern this trade.
However, there are two significant differences between those price spikes from 0.1 to 0.2c that you point out from the past year, and the trades on the last 3 days.

View attachment 68734

1. The days when shares changed hands for 0.2c in the past were not the days with volume spikes. Volume trades were transacted at 0.1c, and only on the 8th January got it up to 20M, trading at both 0.1 and 0.2c. The other three occasions with substantial volume (30M to 40M) didn't trade 0.2c.
2. In the past year, high volume or 0.2c days don't correlate with the release of remarkable news items either. One might argue that the former Focus Mineral director had joined the board in August 2015, but the announcement was made after the one-day spike, whereas the new Chairman was introduced before the onset of buying this Thursday. I also take today's news item as a signal. But I won't deny the possibility of a capital raising being announced soonish.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01799697

Interesting,

So what your are thinking is that:

The past spikes were only noise because they did not correlate with fundamental news or announcements and also that the volume spikes did not correlate with price moves.

So they are not as important were as now the volume and price are spiking together which would indicate that something is happening.

Now today, a day later there is an announcement

Just speculating to take it further then

IF someone is buying before an announcement
which means that either that is insider buying and the outlook looks better for the company or

insider buying is hoping that the announcement will drive price.

The risk is that the announcement does not drive price enough or at all, or as you said a future capital raising which could have a negative effect.

Your reasoning makes sense, thanks for sharing

Now proof is in the pudding

 

[OmegaTrader]

Any News

You bought in at .03 ???

Bid ask was .02/ .03

It went up to .03/.04, so you could have broke even at .03

Now it is back at .02/.03

Los of 33% if sold today by spread.

What is happening ?? Still positive?

 

[pixel]

When I posted early this month, I had just missed the last 0.1c, but risked a few Grand at 0.2c.
I put some up for sale at 0.3, but didn't manage to sell all of them; the 0.3c offer grew too long for a chance to sell the rest. So, after almost 3 weeks, I time-stopped the last Mill at cost.

 

[OmegaTrader]

Ah

Not so bad loss of 33% @ @1000

$300 odd loss

Out of curiosity

Who are the market makers in these penny stocks??

They must make a bit at 33% spread

I can't recall which stock it was but it had a spread of 1 cent then the next week it reduced significantly almost 90%.

On the chart you could tell volatility and the moves also were significantly reduced

A market maker must have stepped in?? Obviously there must be some rules/conventions around this??

Good luck next time


oops I misread at cost
no loss even better

 

[pixel]

Renewed interest in certain metals has turned the focus back on Artemis.
That made a few nice swing trades possible, and could now even attract some investors.

I take 12.5c as historic resistance - leaving aside the exuberant bounce in February. That resistance broke yesterday, and if it it now turning into holding support, I'll switch from quick swingers to building a longer-term holding.

 

[pixel]

I took profit at the next resistance, 15.5c. Seeing how far back one has to go for (equivalent) trades above 16c, I find a pullback more likely than an immediate continuation.
If the breakout prevails and 15.5 turns into holding support, I'll buy back in. I would however be much happier if the gap to 14 was closed before the next leg up.

 

[pixel]

Maybe I should've added that I had to leave soon after for a medical checkup.When I came back 3 hours later, the horse had bolted. You get that.
Won't be in tomorrow and probably miss Friday as well. Good luck to all of you who held and likewise those who bought the break at and above 16c.

 

[pixel]

Well done all holders/ buyers/ traders.
As a trader, I'm off right now, but keeping a close watch on it.

 

[samso]

I write a blog and I wanted to share a Cobalt project. I wrote about the topic last week. I hope that people will find it a good read.

https://samso.com.au/resource/best-...ventional-gold-cobalt-copper-mineral-project/

Cheers

 

[StanG]

I believe ARV share price about to rocket. Watch the news flow! Not many juniors cashed up with own plant almost set to go, multiple resources of their own, increasing pricing of the resources they’re developing, processing other’s resources in interim and more to come with steady news flow. That’s why ARV is now in my top three. DYOR

 

[Trav.]

Hi StanG

I like your enthusiasm in ARV as I have a very small holding (at a loss) as well, but I think that we have a way to go before seeing the SP soar.

- Cash on hand $12.7 million
- Radio Hill processing plant still not operation and $8.1 million has been spent so far with more to come.
- Plus the usual commissioning issues of a new plant will not see it making money in a hurry, as ARV are using untried technology in Australia,
- Exploration costs were $4M for the previous quarter
- The estimated cash outflows for the next quarter are approx $8M.

It appears ARV will be running out of money soon so some sort of capital raise program will be required, if not already sourced.

Closed at 14cps last week with lows of 13cps which are the levels of Aug 2017.

Cheers

Trav

 

[Trav.]

It appears ARV will be running out of money soon so some sort of capital raise program will be required, if not already sourced.

Funding announced on the 30/11 - $5.4 million which gave the SP a nice little kick but still a lot of work to do here.

 

[peter2]

It's been a while since the last post on ARV. For good reason, as the price has been in a down trend for quite a while. I don't often start a position in companies with lots of exploration activities. Their scarce capital is spread too thinly and not concentrated on one or two main opportunities. I noticed that price was slowly creeping up with higher volume in this chart. Took the punt and it seems others have noticed it today. I have disclosed this position in the Combo Portfolio in the week that I started it. The notice is located in the P2 thread in the members section.

There's been no exciting news released. It could be just a few punters like me having a go at ARV. Must make sure I get my profit before they decide to gets theirs.

 

[peter2]

I've taken some profit but the price hasn't stopped going higher. The unusual aspect is that there's been no news at all since the price broke out above 0.063. Somebody knows something good at Artemis while the general market is uninformed.

 

[frugal.rock]

Chart update.

 

[Dona Ferentes]

Artemis Resources (ASX:ARV) has identified lithium bearing pegmatites on the Osborne Joint Venture in the West Pilbara region. Further work is planned on the JV tenement with sampling and mapping aimed at identifying the full extent of the mineralised pegmatite zone. Shares are trading at 2 cents.

 

[farmerge]

Artemis Resources (ASX:ARV) has identified lithium bearing pegmatites on the Osborne Joint Venture in the West Pilbara region. Further work is planned on the JV tenement with sampling and mapping aimed at identifying the full extent of the mineralised pegmatite zone. Shares are trading at 2 cents.

Hmmm might be an interesting one for the Comp next month. Well within the penny dreadful range.