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2.78%

17.5¢ arafura rare earths ltd

Ann: Application for quotation of securities - ARU, page-8

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strangebuttrue

190 Posts.

47

14/11/21

04:02

Post #: 57558260
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Originally posted by Birchcorp: ↑

I see this as only positive, so disagree with previous two posts, but also agree in the logic of your post.

Think if it were your money; Would you place (in this case circa $50k) into a stock that was to fail? Some may argue that individually it is not much money, but I have yet met a person that throws away money.

The key here is, in many respects they cannot sell the stock, because if they do, they have to disclose, and if we see a notice in the coming days or weeks, because they are taking advantage of the 12c arbitrage then it would reflect poorly. Anyone in management that sold now, would not go down well with their colleagues who are promoting the company in readiness for offtake announcements and funding.

Therefore this money is trapped in the market until there is an announcement, a run up in share price, and they can offer a reasonable reason for selling. In turn, I suspect they believe in ARU.

Just another way of thinking about it guys…

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Fair points..thankyou for posting

ARU Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 17.5¢		Change -0.005(2.78%)		Mkt cap ! $431.2M

Open	High	Low	Value	Volume
17.5¢	17.5¢	17.5¢	$229.9K	1.314M

Buyers (Bids)

No.	Vol.	Price($)
10	173474	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	1620578	33

View Market Depth

No.	Vol.	Price($)
32	1076312	0.170
34	1637731	0.165
44	1543011	0.160
32	2342425	0.155
61	1632811	0.150

Price($)	Vol.	No.
0.175	186377	7
0.180	1553177	28
0.185	1440628	35
0.190	1454394	26
0.195	963545	22

Last trade - 10.48am 11/10/2024 (20 minute delay)

ARU (ASX) Chart

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