ATN 0.00% 0.2¢ ashburton minerals limited

I’m a bit busy today, big wedding 2morrow... when I get back I...

  1. 2,102 Posts.
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    I’m a bit busy today, big wedding 2morrow... when I get back I would like to give you guys some food for thought here, would like to try proving this following theory with a chart... I’m not convinced that this stock can’t run hard still... I think we all got played, as much as it #$#% me off that they even had the mordacity to actually say they were pleased with results I cant help but think they did this on purpose...

    Consider this, the SP jumped hard on the assumption the drilling results were going to be exceptional considering the area... major buying on the way up to .099 .... Prior to the recent ann I started to see large dumping in the week prior, yes I would say that is the truth of the delay, they had to let friends and family know to cash in and take what they could before results were released to the market... however, what if they simply drilled in a area that they new to be below average to let the SP fall only to load up again (seems like that is happening right now IMO), easy way to make some serious big bucks at the expense of shareholders.... If the next lot of drilling results prove to be exceptional, I believe this theory of mine is on the money... I took another position today, I’m trading very careful on this one, but some how I think many are going to be angry that they sold out when the next results come out... exploration is cash burn, so some of these guys that run the show make big bucks playing the SP, why wouldn’t you if you were in the know, goes on all the time... I think we just got played big time, now watch the SP pass the recent highs over the next month or so...

    None of this is factual, simply observation of the way the trading has been going on... plus I have read that report over and over, I have come to the conclusion they didn’t want these results to be exceptional, they made a heap out of playing with the SP, now they are accumulating at these prices (low fours), then comes the results that make these ones look ridiculous... who is they?... friends, family, insiders.... time will tell... its just a thought...

    I have a positon again, however I am not recommending a buy, this is dangerous ground... you need to really be switched on with this one... not for the faint heart...

    still has huge potential, lets just see if a few big orders go through. starting to gain strength again at these prices... maybe walking on broken glass, taking a punt...
 
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