ARL 2.06% 47.5¢ ardea resources limited

Ann: Resource Upgrade at KNP Cobalt Zone delivers 108M tonnes, page-26

  1. 4,824 Posts.
    lightbulb Created with Sketch. 923
    No- they just know what price we have reached before, when cobalt/nickel was cheaper & we were not this close to the PFS.
    Never a bad time to remind ourselves that we’ve had a valuation of over double our highest share price so far.. ( may have been a 12 month price guide, someone might be able to refresh our memories ).
    Something that’s hit $2.20 with a cheaper commodity price now has a resource upgrade & PFS just around the corner?

    They knew something like ‘hey that’s a bargain- we should grab as much as we can sub $2’.
 
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