Welcome aboard Eqz. You've been red-pilled!!
I have come to the conclusion that there is nothing rational in the market until there are dividends. ARL has $26billion IGV at the Cobalt Zone, and around $100billion for KNP. Then there are its outlying resources that are not even being considered as part of the main play. So we are currently valued at around .1% of our IGV. Which is absurd. True valuations come with dividends. Once a company distributes funds, the market will judge it to be 10-15x its total dividend imputation. Until then, it's always going to be frustrating guesswork.
Anyway, you give us hope. If an AUZ refugee can be red-pilled, the whole market can.
All the best.
BE
Largest cobalt resource with lowest valuation, page-2412
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $85.86M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 43.0¢ | $4.32K | 9.921K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21138 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 52626 | 4 |
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| Last trade - 15.49pm 30/08/2024 (20 minute delay) ? |
| ARL (ASX) Chart |