Looking forward to watching presentation,
Looking at the Timeline as per todays presentation Ardea are in the 'Orphan period' of the Timeline.
For those that are unaware with this term, there is plenty of information online, but basically it's the boring time that no one wants to hold the stock until the big DFS annoucements and partnerships arrive.
IMO the the shareprice is on the downward trend of the orphan period and will continut downward trend until PFS and then followed by DFS (mid 2024) is finalised which as AP has stated is linked with partnership.
This is clearly shown by share price movement which is matching trends.
See below ARL and Life cycle and my editied version
IMO DYOR
Ann: RIU Explorers Conference Presentation 2023
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 (20min delay)
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Last
50.5¢ |
Change
0.025(5.21%) |
Mkt cap ! $100.8M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 52.0¢ | 48.5¢ | $19.80K | 39.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2464 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |