Similar here. First buys in Sept 2011 around 60c and few more around 20c when the Chinese ECE Nolans saved ARUs bacon. Then bought at every CR/SPP including on-market, lowest at 4.1c. A stack more these past 5 yrs all the way up to 62c a month ago.
Note my recent posts on ARU (also note I basically only ever post on ARU - because it’s a company I know well) which warned shorters were dicing with death because when that Binding Offtake announcement happens it would be a TH and shorters would burn. My advice to shorters is to exit ASAP- their best price/ least loss will be Tuesday-ARU will jump to near enough 60c and continue to climb all week.
Any “would-be sellers” should think otherwise unless you’re a forced seller.
One possible complicating factor next week is the Chinese ECENolans holding of just under 5% (see Thursdays announcement) It would appear they are finally selling out and the first 4 million (out of 110million) appears to have been sold on-market. Wondering if they will continue to sell (temporarily suppressing the SP) or if someone like GR/HP might offer to buy their stake OR they might just realise that ARU is a good investment and hold for a few more years and possibly get themselves a Disallowed (they purchased at 20c)
Hold onto your hats ppl. ARocketUpya.
GLTA(patient)H AIMHO DYOR
“Build it they will come (for more)”
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Last
16.5¢ |
Change
-0.025(13.2%) |
Mkt cap ! $381.1M |
Open | High | Low | Value | Volume |
17.5¢ | 17.5¢ | 16.5¢ | $2.808M | 16.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
81 | 2992134 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 1169481 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
80 | 2962134 | 0.165 |
90 | 4206052 | 0.160 |
48 | 5192583 | 0.155 |
55 | 3963094 | 0.150 |
17 | 1143635 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 1159481 | 24 |
0.175 | 1096003 | 17 |
0.180 | 1540305 | 21 |
0.185 | 965313 | 12 |
0.190 | 371480 | 11 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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ARU (ASX) Chart |