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Yep mate, You brought out really good point that bigger obstacle...

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Mick91

103 Posts.

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24/04/24

20:52

Post #: 73505621
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Originally posted by Giovanni33: ↑

If this is going ahead, it's likely to be a gap up that never returns. This is not currently priced as per scenario 1 or 2, it's priced as a tier 1 deposit that's in complete limbo and won't go ahead (with a very small % that it might).

I believe we are very biased on here as we are optimistic about this, while the rest of the market does not consider this likely to go ahead. If they did, the MC would be substantially higher already because markets are forward looking and the math is pretty crazy on this if it does go ahead.

But glad to hear a more bearish opinion

I should also add though, laterites are no longer undesirable after how China has handled Indonesia. It's now clear to the world laterite is fine, capex is just big. The tech has gotten way better since back in the day.

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Yep mate, You brought out really good point that bigger obstacle has been if they can move forward and get the mill running. I'm really hoping I'm wrong. I might underestimate markets and hopefully everything goes opposite.

ARL Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 60.5¢		Change 0.005(0.83%)		Mkt cap ! $120.7M

Open	High	Low	Value	Volume
60.0¢	60.5¢	59.0¢	$29.81K	49.49K

Buyers (Bids)

No.	Vol.	Price($)
1	4990	59.5¢

Sellers (Offers)

Price($)	Vol.	No.
60.5¢	2616	2

View Market Depth

No.	Vol.	Price($)
1	4990	0.595
1	21000	0.590
4	21877	0.585
2	5220	0.580
1	1172	0.570

Price($)	Vol.	No.
0.605	2616	2
0.610	28537	3
0.615	17500	1
0.620	28001	2
0.630	100570	2

Last trade - 16.10pm 04/06/2024 (20 minute delay)


Last 60.3¢			Change 0.005 ( 0.84 %)
Open	High		Low	Volume
60.5¢	60.5¢		59.0¢	25265
Last updated 15.53pm 04/06/2024 ?

ARL (ASX) Chart