It would seem that the “Gina” factor is more attractive than the $550m "bombshell news drop" and near-term SP performance, given Friday’s significant dip after such positive news, while another REE peer finished in the green, coughs A*R. As mentioned a few months back, when I held a modest position @ 17c post-CR, look out for a Gina TO in the 40-70c range. ARU is a rudderless ship that’s been dead in the water for nearly 20 years. Kudos to the new CEO though bringing in Albo’s $$$ I’m genuinely shocked this dipped on Friday; next week will be the make-or-break week if ARU can’t crack 30c next week and hold it over the next 20 trading days; a Gina takeover is all but certain, IMO. Ultimately, ARU has 24-36 months post-2027 as a producer to generate revenue but no profit; Nolans is only economical at $130,000t making it difficult to raise funds still needed for the train to leave the station, possibly why Albo's $ didn't move the needle much. Another significant CR is necessary - and ARU will likely pivot to become a refiner of other REE projects’ feedstock as a private Rihehart-owned company. I bought the news last week and got in @ 19.5c for a mere 10k units, and I was very shocked I got in at that price and sold 9k @ 26.5c, I’m keeping an eye on next week’s make-or-break moment that will determine if ARU remains a public entity or becomes a private entity. GLTAH
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $392.7M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 17.0¢ | $407.7K | 2.392M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 149960 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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17.5¢ | 425106 | 11 |
View Market Depth
No. | Vol. | Price($) |
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2 | 49960 | 0.170 |
23 | 900642 | 0.165 |
30 | 1775303 | 0.160 |
10 | 529263 | 0.155 |
33 | 2786339 | 0.150 |
Price($) | Vol. | No. |
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0.175 | 224507 | 7 |
0.180 | 1417064 | 23 |
0.185 | 518154 | 9 |
0.190 | 1211753 | 25 |
0.195 | 1183693 | 19 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
17.3¢ |
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Change
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Open | High | Low | Volume | ||
17.5¢ | 17.5¢ | 17.0¢ | 1558339 | ||
Last updated 15.56pm 14/06/2024 ? |
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