yes but who is buying, and why buying has been mostly off market, the sells have mainly been smaller orders.
it will take a bit to clear stale holders and maybe some placement, but once that is done and if we get decent results this could move to somewhere near fair value, \ based on say RNI that could be 50-60 mill upwards, RNI is nearly 90 mill,
60 mill would be 3.5 cents,
But this wont happen overnight, and it will not be a straight line, there will be ups and downs.
if results are good I would expect a knock on their door.
however they have to be mindful of releasing what they know to the market in a timely manner, to explain to the market what the results mean, maybe compare to other companies in relation to their assets/results and market cap
maybe a company presentation to brokers.
ARO Price at posting:
0.7¢ Sentiment: None Disclosure: Held
