ARI 12.5% 2.7¢ arika resources limited

Ann: North American Investor Presentation, page-16

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  1. 7,161 Posts.
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    I am starting to feel like last few days price action is setting up for a CR @ 5.5c range to investors.
    Presentation snapshot in NA preso SP was at 5.8c hardly relevant but may be ok for 5 day VWAP.

    Why am I bullish on MCT? Because Zinc is @ 10 year highs and looks to stabilize.
    Projects become attractive & de-risked for margin erosion.
    Founders, management have 27% of the registry - will always work on protecting that. Shanghai Metals 9% at higher share price - De-risk my investment being diluted to nothing.
    China MinMetals Zinc Testwork Delivers Outstanding Results - De-risked
    China NFC Zinc Project Study Delivers Positive Results - De-risked
    MOU for development, engineering & financing of Admiral Bay - What happens to SP when this turns into a binding and funding agreement? The PFS etc. are being completed NOW.
    "— Admiral Bay Joint Venture discussions continuing throughout Asia, Europe & North America"
    So that derisks my investment enough for me to accumulate for sub $30M MC.
    Great location of all projects and infrastructure well established - De-risked.

    Bonuses:
    Drilling at the Kyarra cobalt discovery in March - This could re-rate the SP.
    Lennard Shelf acquisition followed by aggressive resource drill program in March 2018 - They have advised they can potentially self fund this project near term. WOW.

    Further Lithium exploration drilling at Pilgangoora North & Wodgina South projects in 2018 - Good results good re-rate SP.

    Best explorer on the ASX from a risk-reward perspective imo!
 
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Last
2.7¢
Change
0.003(12.5%)
Mkt cap ! $16.70M
Open High Low Value Volume
2.5¢ 2.9¢ 2.4¢ $131.9K 4.955M

Buyers (Bids)

No. Vol. Price($)
2 160000 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 434304 3
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