There is a very high chance it will imo. Worth keeping in mind it was just a few months ago management put in more than $1M of their hard earned into the company via exercising their loyalty options at 77c. They would know more than most how much interest the project is getting/how likely it is the project be successful and put their money where their mouth is.
https://ardearesources.com.au/downloads/announcements/arl_2018060501.pdf
ARL do not have many shares on issue compared to other Ni/Co developers on the ASX which means you tend to get larger swings in the share price so while there can be big swings on the downside there are also big swings on the up side.
ARL chart, page-864
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
45.0¢ |
Change
-0.020(4.26%) |
Mkt cap ! $91.85M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.5¢ | 45.0¢ | $6.081K | 13.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10256 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 1137 | 1 |
View Market Depth
| Last trade - 11.41am 09/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |