It is so ridiculous but c'est la vie.
The de-risking as well as the sound fundamentals underpinning the project merely means that it is when the re-rating happens, not if. At some point ARL's progress will be too loud for the market to ignore. It is the most worry-free stock I have in my portfolio!
Anyway, I was always in it as a LT holder and the only thing I regret is not having a bit more $ ammo to reload at the current bargain share price!!
Knowing ASX stocks, it could even drift lower for no other reason than no fresh news being fed to the market. Just the normal quirks of a low liquidity, small cap, explorer type of stock. Could fester around these levels for quite sometime.
But when it pops, it will be an explosive re-rate.....
Ann: Corporate Presentation - May 2024, page-51
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Last
50.5¢ |
Change
0.025(5.21%) |
Mkt cap ! $100.8M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 52.0¢ | 48.5¢ | $19.80K | 39.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2464 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |