The implication that the last few years of management have been for the benefit of some large shareholder seems to lack credibility. I can't see how it is in their interest to see ARV's SP fall from 50c to 3c, nor to see ARV spend like a drunken sailor on things like deep holes. There is every reason to think that he is as outraged as most of us with how ARV has been run in recent times.
What I am more concerned about is if the Sheikh is serious about turning ARV around and does he have the team to do this. To me $750K is serious, but there are major skill gaps at ARV.
Ann: ARV Share Purchase Plan - Underwritten to $1.5 million, page-50
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.00M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $4.234K | 352.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1126543 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 450135 | 3 |
View Market Depth
| Last trade - 15.57pm 15/11/2024 (20 minute delay) ? |
| ARV (ASX) Chart |