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
- Forums
- ASX - By Stock
- ARL
- Ann: Corporate Presentation - May 2024
Ann: Corporate Presentation - May 2024, page-14
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.86M |
Open | High | Low | Value | Volume |
41.0¢ | 41.3¢ | 40.0¢ | $16.98K | 41.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 101 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.400 |
3 | 16895 | 0.395 |
1 | 10000 | 0.390 |
2 | 20499 | 0.385 |
1 | 7878 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 101 | 1 |
0.410 | 29982 | 1 |
0.415 | 38718 | 1 |
0.425 | 3760 | 1 |
0.430 | 3255 | 1 |
Last trade - 15.26pm 27/09/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |