2017 Cobalt boom & 2018 Nickel boom?, page-482

First 482 Last

Share
Profile

Follow
8horse

34,339 Posts.

9121

03/07/17

09:46

Post #: 25623126
Share

Originally posted by niclou ↑

First and foremost, well done Matt and Co.

They have solidified for me one of the most important factors when investing into any company, being competent, diligent and honest management.

The writings were on the wall from previous announcements; strategically they pre-confirmed their findings by statements provided to market. There was going to be a significant increase in resource, this was expected – just didn’t know how much of an increase. Therefore there was no price sensitive information pre released to market, simply a conceptual/ theoretical position – there was confidence yet still seen as open ended. Very smart management!

Now that the results are known we can scrutinise the results and the area. What we have, an increased resource with a smaller footprint, as the company is taking advantage of the Cobalt sector and understands where energy is headed (not Nickel) – theoretically, understands that we are in a generational shift regarding power. Oil/ fossil fuels will always be here yet there will be another bully in the playground over the next decade – the question is which bully would you like to stand next to when the gloves come off and the rocks start flying!

Back to our resource. Take note that we have not received a Black Range increase; this is the biggest area regarding Cobalt and has numerous high range targets. This in my opinion will bump us over the 100k of Cobalt, CLQ eat your heart out! Not sure when we will see these results but we will move higher over the next week – please note I did not hit my 68c target last week but I did pick the time-frame for the announcement; this was very smart timing by management. Few will understand why but seriously well done!

As the deposit is more contained and higher grade the costs for development do lessen, I can’t as at this stage say by a huge $ amount yet I believe that the focus recently on processing our ore has certainly provided positive results. On that note the majority of pyrite, limonite, and other oxide type of Australian deposits have their own costing and processing issues – Ardea’s strength is its tonnage at a high grade; the CAPEX will not be an issue going forward, I believe they can get this down to under $500m. Of course this is conceptual at this stage; just want to get it out there as going forward this will be shareholders biggest question/ concern.

Anyway there is a great deal more that I’m pondering with Ardea Resources at present, this space is going to get very attractive over the next 3 months.

Regards, NL.

Expand

Resource size should be no issue, being the largest or one of the largest.
Capex is already low, if could get down to $500m, that'd amazing.

ARL Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

RXL

Diamond drilling hits gold at 16.71 g/t for Rox at Paddy's Lode, extending mineralisation

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

There are more pages in this discussion • 5 more messages in this thread...

First 482 Last

Add ARL (ASX) to my watchlist

(20min delay)
Last 39.5¢		Change -0.005(1.25%)		Mkt cap ! $79.87M

Open	High	Low	Value	Volume
39.5¢	39.5¢	39.5¢	$597	1.511K

Buyers (Bids)

No.	Vol.	Price($)
1	3	40.0¢

Sellers (Offers)

Price($)	Vol.	No.
41.0¢	4175	1

View Market Depth

No.	Vol.	Price($)
1	3	0.400
2	45720	0.395
2	35588	0.390
2	20499	0.385
1	150	0.380

Price($)	Vol.	No.
0.410	4175	1
0.415	7689	1
0.420	14800	2
0.425	3760	1
0.430	3255	1

Last trade - 10.00am 04/10/2024 (20 minute delay)

ARL (ASX) Chart

2017 Cobalt boom & 2018 Nickel boom?, page-482

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Diamond drilling hits gold at 16.71 g/t for Rox at Paddy's Lode, extending mineralisation

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

2017 Cobalt boom & 2018 Nickel boom?, page-482

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Diamond drilling hits gold at 16.71 g/t for Rox at Paddy's Lode, extending mineralisation

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News