ARL 3.23% 48.0¢ ardea resources limited

Ann: Kalgoorlie Nickel Project Strategy Update, page-22

  1. 2,552 Posts.
    lightbulb Created with Sketch. 706
    Talking about being taken for a ride - peers latest 4C still splashing cash they don't have spare to build a business case and feasibility just burning through the cash don't even have plant and mine specs yet and revised capital cost incoming - hope it isn't too high
    https://hotcopper.com.au/data/attachments/4665/4665648-05376757938d616fce1abb32eb28881f.jpg
    even worse some down rampers that come on here are critical of our reserves (which are the best in Australia) when the same 4C quotes the poor state of their own drilling program which has not yet been funded and only surface sampling done with results not due till next year - WOW
    https://hotcopper.com.au/data/attachments/4665/4665658-76466d1823f4f64530f8adbeb4ae7cbb.jpg
    looks like a lot more CR will be needed to fund all this activity, might be what's holding back the financing they are chasing

    lucky ARL has cash on hand equal to 55% of peers total MC

    its amazing what you find when you read companies announcements DYOR this is not professional advice
 
watchlist Created with Sketch. Add ARL (ASX) to my watchlist
(20min delay)
Last
48.0¢
Change
0.015(3.23%)
Mkt cap ! $95.84M
Open High Low Value Volume
46.8¢ 48.0¢ 45.5¢ $11.78K 25.18K

Buyers (Bids)

No. Vol. Price($)
3 81978 45.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.0¢ 23716 4
View Market Depth
Last trade - 15.56pm 12/07/2024 (20 minute delay) ?
ARL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.