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Ann: Market Update and Investor Presentation, page-6

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17/06/21

13:13

Post #: 53898964
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Originally posted by Cheeky-Charm: ↑

More importantly it's not just shares on issue. They have failed to generate interest from the market. Even if there was 100M shares and nobody bought anything, it won't create any interest.

What is interesting is the 1B shares via options exercisable at 1c. If anybody can see it going to 1c then those are going to be exercised.

It's a long term thing. They have released 3 or 4 pieces of news so the market makers need to hit 0.006 to generate the volume and interest from technical traders who focus on things like multi week multi month breakouts therefore it's still a waiting game

The News does read well with a few things going for it. They should work on doing a consolidation/split to get the shares down to around 400M instead.

Expand

Thanks mate. Agree, the 1B options will create issues for SP momentum. I wouldn't mind a consolidation of shares.

If you're looking for capital growth then this will be a long-term hold - I'm talking years.

Short term though, there will be heaps of opportunities to increase shares held by buying and selling on gains/dips.

I don't plan on doing that though. Bottom drawer and revisit in time.

ARO Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $12.72M

Open	High	Low	Value	Volume
2.8¢	3.0¢	2.8¢	$292	9.725K

Buyers (Bids)

No.	Vol.	Price($)
2	217883	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	39448	1

View Market Depth

No.	Vol.	Price($)
2	217883	0.030
1	99995	0.028
5	170324	0.026
1	12201	0.025
1	50000	0.024

Price($)	Vol.	No.
0.032	39448	1
0.033	198991	1
0.034	30631	1
0.035	40499	2
0.038	157213	1

Last trade - 14.17pm 09/07/2024 (20 minute delay)

ASE (ASX) Chart