ASR 10.0% 0.6¢ asra minerals limited

Rising star-gold exploration, page-358

  1. 6,447 Posts.
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    Maaaate you are so wrong, I've been investing for over 12 years and can look back just on TNR my Charts have been pretty on point.

    Charts are pure and simply a representation of the market sentiment which is based on fundamentals; stocks other than pump and dumps do not go up without fundamental reasons.

    Those fundamentals may be anticipation for drilling results (like we are waiting on TNR)

    news from neighbouring tenements like RED 4moz with 2moz reserve open pit gold mine making progress on their development or making JV deals further up north from our project and that leads to fundamental speculation that RED could do a JV or takeover of TNR given our holdings are smack in the middle of all of theirs.

    Price of Gold (POG) plays some part; higher prices mean the value of our gold will be worth more and then you get investors buying just cos of POG price going up; same when it goes down you see a sell off as we did cos those same investors sell; but most invest for the mining of the gold and the company.

    There's the updates on Twitter from the company showing two drill rigs on site in photos; that plays some impact, not price hiking worthy but definitely adds confidence that work is being done.

    NVA being a No.1 holder, so anything they do will have a level of impact; how much depends on how related it is to TNR; but adding another $200,000 at 3c a share to speed up the drilling and increase their holding certainly adds confidence.

    Then you have nearology plays; what the value of other gold players around us are valued and how our market cap should be valued in comparison.

    At $27m TNR is relatively cheap and at the early stages; even though I've been in since the $14mMC level; like DRE (not cross promoting just an example) that went for me from $9mMC to $75mMC high this year alone and no reason TNR can't replicate the same on good results; no reason there isn't gold there either given historical data and that we are surrounded by Gold giants all over the place; above us with BGL and RED as well as RED surrounding us.

    So there's always fundamentals playing a part; charts just document that and if it says it's going up; that's because there's fundamental reasons in the short term for it to go up.
 
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