AS1 0.00% 1.8¢ asara resources limited

Ann: AS1 Company Response to PIRSA letter, page-35

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  1. 109 Posts.
    lightbulb Created with Sketch. 36
    We need to remember that for every seller there is a Buyer. The stock looks like it is being held down at the moment and small sellers are being mopped up within the .14 - .13 level by those who understand the long term value of the stock or are potentially behind the hold down. Don't forget that if the stock retraces to it's IPO price, today's buyers will be up 30%+, that is a serious gain... Especially when the potential value of the stock is more towards the mid-high 20s or even low 30s. I'd start to be concerned if the stock price dropped below .13 but I highly doubt it will on no negative news. As stated by Nomadic once the sales start and announcements roll through nothing will stop this beast. Also Directors will be topping up at this price watch haha they understand how much of a bargain this is better than anyone


    Edit: Whilst writing this post Richard Porter topped up his holding 185,000 Shares lol
    Last edited by Brofessor: 08/03/18
 
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