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ARR

7.14%

30.0¢ american rare earths limited

Ann: Trading Halt, page-92

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Supraman

259 Posts.

54

23/02/24

08:51

Post #: 72551402
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Originally posted by Scooty: ↑

The last quarterly was Dec 2023 and the company stated they had sufficient resources to carry out its planned activities for FY2024, so although a good (great) time to raise, it’s still a controversial decision due to the company’s most recent quarterly basically saying it was not necessary.

I said before I was dubious that it ran hard as long as it did on no material news to the market, so was happy to take a price and sit in the grandstands to watch for a bit.

Im really hoping that the raise is a little more inspiring than a “working capital” raise given that last quarterly, as I think the SP will be punished for it if it’s not a big deal landing. There’s no doubt a lot of new investors YOLOd into this purely off the charts and they’ll want to get out quickly to preserve capital themselves.

Companies need capital but there’s no stepping away from the fact it often reopens sub the CR price and the concern for me is what underpins the market valuation other than the exuberance of investors?

Im giving the company some respect on how they’ve operated in the past and expect the announcement tomorrow to be more than a working capital raise.

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I thought the same as i posted the other day, thats why i took my money of the table to see how it played out.

ARR Price at posting: 42.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 30.0¢		Change 0.020(7.14%)		Mkt cap ! $148.3M

Open	High	Low	Value	Volume
28.0¢	30.0¢	28.0¢	$715.1K	2.442M

Buyers (Bids)

No.	Vol.	Price($)
9	87663	29.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	422085	10

View Market Depth

No.	Vol.	Price($)
7	83913	0.290
2	9000	0.285
6	34765	0.280
3	73132	0.275
7	81827	0.270

Price($)	Vol.	No.
0.300	305137	8
0.305	77972	3
0.310	21636	2
0.315	10875	1
0.320	189188	6

Last trade - 16.10pm 11/10/2024 (20 minute delay)

ARR (ASX) Chart

Ann: Trading Halt, page-92

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Ann: Trading Halt, page-92

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