ARL 0.00% 41.0¢ ardea resources limited

Ann: Spin-out of Ardeas Kalgoorlie-based gold assets into KAL, page-33

  1. 1,628 Posts.
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    The mind wonders why there is such low interest / volume in ARL prior the KAL spinout and pending announcements.
    Pretty low risk in my books to gobble up some more ARL at these prices when you have an eye on what is coming.
    The KAL shares are is in fact a 10% dividend per ARL share...20 cents/4 (1 KAL/4 ARL)/46.5 cents×100
    Thank you ARL for rewarding the patient investors again.

    PS: i didn't bother reducing the ARL cost base after KAL spinout.
    Last edited by schmunzel75: 08/09/21
 
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