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60.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-35

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DaveJL

239 Posts.

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26/02/17

20:56

Post #: 22917362
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Originally posted by Jskl76 ↑

With all due respect, if this was a "dig and ship" operation as you said, meaning we were already producing the actual material with all capital expenditure already done, you can forget about buying this share. It'll be multiple multiples of that piddling $50m MC, with the price runs done and dusted long ago. What's there left for you to invest in and make gains on?
The current price is not even half the price of the "potential" of the company alone. Come on, $50m MC??
Also would like to put this into perspective. Here we have a known, very large, cobalt resource. Not only large, it is massive.... i read somewhere, it is some silly multiple of the next biggest resource in Australia (someone help me with the actual facts here).
If this is not good enough for investment, and assuming you want to invest in cobalt (which I assume you are), then what is?

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Over 3x bigger than next oz cobalt co.

ARL Price at posting: 69.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 60.0¢		Change -0.010(1.64%)		Mkt cap ! $119.7M

Open	High	Low	Value	Volume
61.0¢	61.0¢	60.0¢	$5.688K	9.335K

Buyers (Bids)

No.	Vol.	Price($)
1	3109	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
61.0¢	44116	5

View Market Depth

No.	Vol.	Price($)
1	3346	0.600
4	17238	0.595
1	42308	0.590
1	10000	0.585
2	5220	0.580

Price($)	Vol.	No.
0.610	44116	5
0.615	5000	1
0.620	43001	3
0.625	27500	2
0.630	90000	1

Last trade - 10.50am 28/05/2024 (20 minute delay)

ARL (ASX) Chart