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60.5¢ ardea resources limited

If CLQ's run over the past couple of days is anything to go by I...

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xGenesis

781 Posts.

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17/12/17

11:37

Post #: 29687060
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Originally posted by Stwlan ↑

It seems that quite a few other shareholders are concerned about these sellers that are forcing the share price down. As a member of the so called 92 group I am quite concerned. The big players in the Cobalt market are now attempting to lock in supplies. I can only make an educated guess that someone is attempting to hold the price around the $1.40 mark or less. At $1.26 I did manage to pick up some more shares. At this price a potential "company buy out" offer could be as low as $200,000,000 which is far too low. A serious offer should be $500,000,000. If such an offer should take place, are the company executives allowed to accept, or would they have a general meeting, of shareholders, to vote on the proposal?

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If CLQ's run over the past couple of days is anything to go by I wouldnt worry to much about the SP.

Yes I know they have little in relation to each other regarding SP vs MC however over the past year we have generally stayed very close to CLQs SP for what ever reason.

Money will start flowing back to ARL the closer we get the PFS release and resource upgrades.

ARL Price at posting: $1.37 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