"am I worried if I buy at 11, 11.5, 12 or higher. Zero f...s as long as a bottom is in place and it slowly begins to rise."
Exactly, a cent here or there does not matter. Trying to pick the exact bottom will cost you most of the time. (agreed they are overpaid and greedy).
11c, 12c, 14c, 20c. Will not matter. When they get this deal done ARU is here to stay, and with a 40 year mine life plus a phase 2 expansion there is plenty of scope for future earnings.
It will be a major contributor to the National and Central Australian economy and society for many years to come.
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"I am taking a position on at multi year lows. Yuck..."
Buddy that is as yummy as it gets.
ARU Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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