I don’t really see a risk here. Totally my opinion only…ARU are into a great resource here and speculative or not I see only one way for the SP and that is up….. So the way I see it….buy 100k now at a cost of $34k and be given another 50k shares for free down the track giving an overall SP purchase price of 22.7c . Nice tidy profit when the SP hits say 50c+ in 18 mths time. Of course be prepared to lose the lot if the SP tanks. Risk v Reward…..this is what we are all here for right?…..
Am open to correction by someone with more knowledge of how this all works
Ann: Target Market Determination, page-8
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $395.8M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $317.2K | 1.960M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 70837 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1577767 | 43 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| ARU (ASX) Chart |