Originally posted by Jacko22
You have to love ASX CEO's and how they like to play with words... And try to big note themselves! Putting a skeptical hat on, are they really trying to suggest to newbies that this is the only Ni project in Aust to be awarded MPS? I hope not, because this project is a mere 15% of the size of ARL MRE.
Anyway good luck to them - kudos to their SH's on the gains made today.
Hi Jacko
Its hard fathoming what and why our share price doesn't seem to get traction and rise exponentially.
I really believed that the Japanese Consortium would change the way Ardea is viewed and accepted, alas, not yet.
There are a few possible reasons, all incorrect assumptions on their part in my opinion :
- we are still seen as a small cap Junior with high risk.
- Nickel laterites are not financially viable.
- Nickel laterites are problematic.
- Recent closures and Care & Maintenance announcements are impacting us negatively and unfairly.
- Investors still do not understand our C1 OPEX costs relative to other Western Majors out there including Indonesia.
- We are too small to be seen by the major market players.
- We are not de-risked enough for the average institution, MC too small. (Restrictions)
- The market does not recognise the significance of the Sumitomo and Mitsubishi involvement in Ardea.
- The market still believes that the $3.1B capex is a hurdle too far.
- The market does not comprehend the significance of our resources (7 Largest Globally) and all points above.
Patience friends, patience.
RED
ARL Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
