HAC30, I admire you coming onto the thread without a holding and providing some solid information. I feel that out of all the non holders today you have provided some great material. Sincere gratitude.
As an accountant/analyst/legal etc. background I would like to ask you a question about cash equivalents against current market cap. ARL has roughly $15m in cash (more after today I believe), and the market cap is roughly $140m. This to me, given a normal quick calc. company valuation is 8x cash isn't even valuing the resource.
I feel that on a mere cash basis ARL is way undervalued. Thoughts?
NL.
Ann: Outstanding PFS for the Goongarrie Nickel Cobalt Project, page-115
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $79.87M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $17.98K | 46.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76960 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 72533 | 3 |
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| Last trade - 14.08pm 08/11/2024 (20 minute delay) ? |
| ARL (ASX) Chart |