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1.10%

45.0¢ ardea resources limited

Ann: 2017 AGM presentation, page-18

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SuperWealthy

7,125 Posts.

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25/11/17

22:19

Post #: 29117435
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Originally posted by niclou ↑

Not really going to know until company reports specifics, I'm going to stick with around $500m. Depends also on how quick the market needs to ramp up supply, best time to be a supplier because companys now are at the beginning of the general commodities cycle. There could be a lot of agreements that also fund companys for future production rates/targets; for example they may push companys to increase their own figures. CAPEX increases in the initial stages but the commodities cycle helps with any early costing pressures. I haven't been very active with ARL lately because I believe they are at the forefront, I'm buying the fundamentals. Other stocks still need assistance. ARL will do ok!

There is also a lot of talk about AUZ lately. I do like AUZ, but I believe mgt. have not given their resource enough credit by going into early stage processing - silly move in my opinion.

Regards, NL.

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I was contemplating an entry into AUZ as she pulled back to around 8.5c and began my research, coming across their scoping capex figures ($500m-$600m) put the brakes on me a little.

I find it hard to go past ARL for value at the moment, and have picked up a few more in the $1.50s as I can smell another run around the corner.

ARL Price at posting: $1.55 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 45.0¢		Change -0.005(1.10%)		Mkt cap ! $90.85M

Open	High	Low	Value	Volume
45.0¢	45.0¢	45.0¢	$18	41

Buyers (Bids)

No.	Vol.	Price($)
2	20661	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
45.0¢	24959	1

View Market Depth

No.	Vol.	Price($)
2	20661	0.440
2	26150	0.435
1	5000	0.430
3	21699	0.420
3	44390	0.410

Price($)	Vol.	No.
0.450	24959	1
0.470	4000	1
0.480	5000	1
0.485	15000	1
0.490	15000	1

Last trade - 12.35pm 22/08/2024 (20 minute delay)

ARL (ASX) Chart