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4.55% 2.3¢ anax metals limited

DSN placement has been announced - 20mil shares at 11c. I bet...

  1. dber
    412 Posts.
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    02/02/11
    09:37
    Post #: 7826968
    DSN placement has been announced - 20mil shares at 11c. I bet people were expecting a lot worse then that. DSN now will have about $4mil in reserves for further drilling. If results are good DSN SP will react accordingly. That will increase value for ARM as well. I think market overreacted on the downside with ARM expecting worse then what was announced with DSN. I'm getting even more bullish on ARM now. It had pretty much 16 down days in a row. Never happened in this stocks history. If we don't close higher today I will eat my socks.
    ARM Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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2.3¢ 		Change
0.001(4.55%) 		Mkt cap ! $15.90M
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2.2¢ 2.3¢ 2.2¢ $21.23K 955.9K

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6 827138 2.2¢
 

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