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45.5¢ ardea resources limited

Ann: Kalgoorlie Nickel Project Feasibility Study Update, page-96

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Sally_Will

5,851 Posts.

711

07/03/23

21:50

Post #: 66650603
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Originally posted by Successwillcome ↑

You will know something is going on when desperate posters come out pumping. Thereforeø it pays to pay attention to the big picture.

It appears top 20 holders are looking for bag holders on this one. Why?

I have provided a few examples.

1. Share price has plummeted
2. No costings have been released after all these years. Can it be they are not favourable?
3. The distance between minerals. Is it economical? Coming back to costings
4. The depth of the minerals. Someone mentioned up to 4klm (I have not verified this myself). Nevertheless they are not generally close to the surface. Is it economical? Coming back to costings.
5. Missed the train literally. Out to late. No offtaker interested anymore.
6. Immense cash burn. About $10million gone since last cash raise. Whan will the next one be?
7. No progress except for fluffy announcements

Those few examples help to understand why top 20 holders may want to offer you their shares.

Red is apparently also trying to recruit takers on the peer site.

Desperate it seems.

All in my opinion and not investment advice.

Do your own research.

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ARL Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
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Last 45.5¢		Change 0.005(1.11%)		Mkt cap ! $90.85M

Open	High	Low	Value	Volume
45.5¢	47.5¢	45.5¢	$4.44K	9.503K

Buyers (Bids)

No.	Vol.	Price($)
2	2490	45.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.5¢	3875	4

View Market Depth

No.	Vol.	Price($)
2	2490	0.455
5	84473	0.450
1	5675	0.440
1	20000	0.435
2	2200	0.420

Price($)	Vol.	No.
0.475	3875	4
0.490	4680	1
0.500	13258	2
0.510	2192	1
0.520	10575	2

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