No one is buying for free options only as evidenced by little volume.
So, I don't expect any sell off after the record date.
Three substantial holders including management, collectively hold 19m shares (28.5% of the total issued shares), they have not sold any shares yet even our share price hit 92c two months ago. Few institution accounts have accumulated around 5 million shares over last three months. This small share registry is getting tighter, imo.
ARL has massive depsoits of nickel and cobalt, with more newsflow ahead, it should provide excitement and great return, imo.
2017 Cobalt boom & 2018 Nickel boom?, page-332
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Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 40.0¢ | $2.245K | 5.506K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 4175 | 1 |
View Market Depth
| Last trade - 14.37pm 03/10/2024 (20 minute delay) ? |
| ARL (ASX) Chart |