I plan to hold.I wouldnt if I thought that it was a total disaster but ARU has a valuable resource. The sp is under pressure because of the delay, and because there is big year-end tax driven selling.There is no doubt that the announcement could have been a lot better and explained more about savings Vs delays.Time to production will be an important factor as we go forward so they need to get a move on.
I hope they will get better advice regarding the next cap raising.Putting a swag of shares in the hands of short-term (sophisticated) investors is asking for trouble.
Hopefully they will have a rights issue that rewards loyal long-term shareholders .
12 month delay on bfs, page-33
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $443.5M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $189.7K | 1.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1053441 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 349328 | 10 |
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| Last trade - 10.21am 11/10/2024 (20 minute delay) ? |
| ARU (ASX) Chart |