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3.33%

43.5¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-1171

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shades2

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24/05/17

23:42

Post #: 24895812
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Originally posted by Kablooey ↑

So a company owned by Nomura investments, ( the Japanese company that had a 67? year straight run of profits only broken a couple years ago ), is patiently accumulating a large position in a huge deposit of cobalt and nickel with enough gold and zinc to grease the wheels- so patiently that they haven't yet upset the price too much thus ensuring a decent entry price for that large position..

I wonder why Japanese companies would want to quietly take positions in crucial battery, super alloy etc materials such as nickel and cobalt?
Could it be they are home to many if not still most of the world's leaders in battery and varied component makers who know where at least the next 15 years of demand will be coming from?

Tells me there is a good numbers of years for our many friends such as the nickel cadmium and more cobalt than lithium lithium batteries yet.

People ask/talk about new battery chemistries etc- it always makes me wonder how much potential has yet to be found in existing materials such as cobalt etc.

Long story short- two thumbs up for such a company as instinet to be so consistent in their competing for shares that we all own at least some of.

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ARL Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 43.5¢		Change -0.015(3.33%)		Mkt cap ! $86.86M

Open	High	Low	Value	Volume
45.5¢	45.5¢	42.5¢	$9.54K	22.42K

Buyers (Bids)

No.	Vol.	Price($)
3	18340	42.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.0¢	66	1

View Market Depth

No.	Vol.	Price($)
3	18340	0.420
1	10000	0.410
4	45975	0.400
1	10000	0.395
1	55000	0.390

Price($)	Vol.	No.
0.430	66	1
0.470	1182	1
0.480	35000	1
0.490	1150	1
0.495	2000	1

Last trade - 15.38pm 14/10/2024 (20 minute delay)

ARL (ASX) Chart

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