ARL 20.0% 45.0¢ ardea resources limited

Pertinent market/industry news/articles, page-5677

  1. 138 Posts.
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    Thanks guys for providing your point of views. I like these conversations. @the squash, I like Your confidence and straight forwardness, especially when it comes from such committed investor. Altough I'd wish 25-30$ a price of share, it needs additional significant catalyst to get us to these levels than just current project in operation. Considering EBITDA 800mil annually and 50% share in project makes our P/E ratio 25 if share price is 25$, which is rather high P/E (Nickel price 25 000 USD and SOI 200 mil, calculations are my own made and used 40% in tax, royalties - interest and principal). Definitely doesnt reflect pure truth but its a rough estimate of mine

    @Rewop Yes, thats what I mean. In order to share project equally with Consortium, we should benefit from that and not to dilute investors. 50% of this project is a huge stake when considering NPV.

    I submitted an order for additional 25 000 shares today morning, but SP had wings. It still stays in place and keeping bit gun powder on sidelines.
 
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