Even then, I have no problem with criticism of ARL management, or a critique of our assets, and their value in the market.
But that criticism has to show insight, has to draw on data, has to be conscious of the broader context etc etc to be taken seriously. Sour grapes and simply repeating tired criticisms that have been proven time and again to be baseless, is childish. ARL management has significant skin in the game and has put up a lot of hard earned to fund development (i.e. loyalty options) - they are hurting at the share price as much as we are.
I am 100% happy ARL is making the right strategic decisions. It's taking longer than we hoped or expected, but our chances of success have only increased because of the approach we are taking - we are not going to roll over on a strategic deal, or be rolled over for that matter, just because we've rushed things or panicked in the face of soft metals sentiment. The fundamentals are on our side.
Nickel required for the EV megatrend growing to 900,000t/pa by 2028. Ardea, one of the worlds biggest, is looking at supplying 20,000t+ to start, we can maybe take this to 70,000 at 8Mt throughput. That only leaves 830,000t of Nickel supply growth for the rest of the world to meet. How confident do you think the EV makers are? Hint: not very
ARL Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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