ARL 1.25% 39.5¢ ardea resources limited

ARL chart, page-1075

  1. 3,329 Posts.
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    @AverageJoe
    You are right, going all in on one company is more akin to gambling IF you have not done your homework.
    Most people do not go all in, the missing pieces of a puzzle sometimes show property investments, managed funds and separate superannuation assets and the likes. So in many cases its not actually all in. Its more like they preferenced one share.

    Here is why folks here thinks it has better fundamentals than CLQ.
    Now comparing ARL to our mates, Just compare the resources.
    On Nickel we are 7.7 times larger
    On Cobalt we are 3.55 time larger
    We also have scandium, more on this soon.
    We are 100% owned compared to ??
    We are 100% free to select the best partner unhindered by previous agreements.
    Our nickel and cobalt resources would be sufficient to keep a battery manufacturer in supply for over 100 years.
    We have massive gold, PGM, zinc asset possibilities that we are drilling and evaluating at the moment. More on this soon.
    We have a NSW spinout of assets on offer and the ARL shareholders will be given free shares and partake in first rights.
    We have a very experienced, in all probabilities the most experienced Geologist team available in Australia.
    Management have a proven track record of success built up over 30 years minimum.
    We have a team that has not put a foot wrong so far in ARL.
    Now consider that we are just over 2 years old and are already in negotiations with potential partners through KPMG.
    The largest shareholder is in fact a director that is actively involved as a geologist, knowing these resources better than anyone.
    By the way we have $12 million dollars in the bank and our market cap is $45 million. So 25% of the value is actually cash.
    We have cash to last to the years end, that includes all drilling, prospecting and running cost of the company.
    Since the IPO of ARL, we have not had a traditional capital raising, our management planned everything in advance. WOW

    Mate, you asked and I delivered, now I am sure there are others here that will add to that list.
    Love your work by the way, you are challenging us.
    RED



    Last edited by RED328: 22/02/19
 
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Last
39.5¢
Change
-0.005(1.25%)
Mkt cap ! $78.87M
Open High Low Value Volume
40.0¢ 40.0¢ 39.5¢ $43.70K 110.3K

Buyers (Bids)

No. Vol. Price($)
4 29740 39.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 3500 1
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Last trade - 15.45pm 01/11/2024 (20 minute delay) ?
ARL (ASX) Chart
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