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
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $345.0M |
Open | High | Low | Value | Volume |
14.0¢ | 14.3¢ | 13.5¢ | $597.8K | 4.276M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 2312280 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 369909 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 2261260 | 0.135 |
37 | 2121713 | 0.130 |
21 | 1691055 | 0.125 |
30 | 1144280 | 0.120 |
15 | 721660 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 369909 | 8 |
0.145 | 853292 | 9 |
0.150 | 2818391 | 12 |
0.155 | 531597 | 8 |
0.160 | 945643 | 17 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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ARU (ASX) Chart |