Arcan Resources Ltd ARNBF

Bought some more.

[skeksis]

Lowered my cost average to 85 cents. 

When this many professional negative posters chime in, in my experience it is a good time to buy because a large player is about to make a move.  I don't believe any individual stockholder has the time or patience to post this much garbage, nor do I believe these guys are shorts, because there is almost no short interest in this stock.

I wonder how many actual shareholders have sold at these prices.  If so, why would you sell now, at these prices, when production has been stabilizing, netbacks are way up, and the first tranche of converts still doesn't mature till 2016.

Maybe people are assuming DM2 will be sold at a non-accretive price, but why would you make that assumption?  If you were that generally pessimistic about hte company, you would have sold long ago.

[LongoGlueStick]

skeksis: I also have been tempted to average down.  My cost is 1.25 but I don't want to throw good money after something that is bad, especially if Arcan goes bankrupt, which at this point the market is betting that it more than likely will. My question to everyone who posts on the board is this - just who is going to buy DM2? What if it does not sell?

[barneymillar]

My reading of their releases tells me that Stimsol was a thoroughly bad decision. At the time the acid market in North America looked very tight and the Swan Hills area was very hot.  Most posters on this sight have 20-20 hindsight and they are entitled to their opinion. I too have been burnt badly but this stock and am equally upset with the results and management