I hope you're right (having an average sp on my position as 0.499 i'm almost bang on 60% in the red) about the too strong to fold comment and i agree with your right time, right place..... As for management, whilst i concur that the stock has the ingredients to write it's own long history book what we need is street smart management and in taking this comment from one of the ARL boards, in which i've also a holding (also in the red, not quite as severely, (59%)!) I've the feeling that BB and co might have been played:
On one of the ARL boards, re ARL (i've taken the liberty to add comments re AUZ)_________________________________________________________________________________________________________________________________
I amof the opinion that we will have a signed partnership announcement before Q4, with a funding commitment, my reasons below.
I detect change in the market sentiment, but more so I feel that the key players now understand the issues.
They have had time to digest and strategise, they have confidence that EV is now unstoppable.
They have committed to build battery plants and are building them, BUT they also realise that they will be stopped dead in their tracks if they do not commit to battery grade material supply security soon.
The best, biggest resources in stable jurisdictions are few.
A battery manufacturing GIGA factory is useless without the most important ingredients.
Key threats are nickel and cobalt sulphate, the rest is easy.
The big players must move or face a very real threat to their supply chain and billions worth of investment being rendered useless.
Disruption comes in many forms, if I was a gigantic battery manufacturer wanting to disrupt my opposition, I would try todo it from the raw material supply side, knowing the inherent frailties at play.
China has been doing it to the West using Belt& Roads and any other power play they can.
Stand strong and be patient.As an addendum to my above post.
I think that SK International are already doing disruption to the other battery manufacturers.
________________________________________________________________________________________________________________________________
This is the bit that I don't like but have to come to terms with, let's hope AUZ get out of jail free after so effectively shot themselves in the foot.
________________________________________________________________________________________________________________________________
They have locked up AUZ and have kept that status quo for a long time now, they have not committed one cent to AUZ. Evenwhen AUZ needed help, SK were no where to be seen.
You see, SK have already signed up 100 percent of the Sconi resource. Leaving AUZ flailing and in a weak position financially.ATM.
In the meantime with a secured resource, SK can play the field and look for better, more cost effective opportunities withoutfear of losing their early mover status locking up and securing battery grade materials, having locked up AUZ.
Damn they are good.
ARL is not falling for those tactics, our management are wise, street smart and onto the skulduggery taking place.
I would not be surprised if SK are even actively sniffing around the ARL data at KPMG
_____________________________________________________________________________________________________________________
I'd appreciate thoughts from others, specifically as to if we bin the offtake agreement do we leave ourselves open to penalties due to SKi for signing with someone else?
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.789M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $767 | 109.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 9820727 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2463915 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
32 | 9820727 | 0.007 |
21 | 41165789 | 0.006 |
14 | 28860199 | 0.005 |
9 | 5979750 | 0.004 |
2 | 2400000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2463915 | 17 |
0.009 | 4166204 | 12 |
0.010 | 3632763 | 21 |
0.011 | 2061770 | 13 |
0.012 | 4349822 | 7 |
Last trade - 12.55pm 04/09/2024 (20 minute delay) ? |
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