Got it Jacko22!
Lets not discuss the fundamental figures that we inflated by over 100% for Cobalt and 25% Nickel so that the PFS IRR rate looks like its viable. Everyone here should just keep their heads in the sand and take what the TOP-20's are sprucing as facts so that their portfolios look good.
Forget the fact that there are holders significantly underwater.
Forget the fact that MULTIPLE forecasts suggest that Nickel and Cobalt prices are set to fall BELOW levels that make this 3.5Billion dollar CAPEX unviable.
Forget the Fact that Battery Chemistries are evolving to exclude the resources that ARL has in the ground
Forget the fact that ARL does not even have an offtake to take to money markets
Forget the fact that ARL's directors share performance plan gives them millions of free dollars if they secure $10million in funding on a 3.5 Billion dollar capex
ARL chart, page-3435
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Last
44.0¢ |
Change
-0.010(2.22%) |
Mkt cap ! $87.86M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.0¢ | 44.0¢ | $12.74K | 28.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15213 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 19504 | 2 |
View Market Depth
| Last trade - 13.59pm 23/08/2024 (20 minute delay) ? |
| ARL (ASX) Chart |