ARR

1.96%

25.0¢ american rare earths limited

I thought the same as i posted the other day, thats why i took...

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Supraman

254 Posts.

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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 25.0¢		Change -0.005(1.96%)		Mkt cap ! $123.6M

Open	High	Low	Value	Volume
24.5¢	25.0¢	24.0¢	$99.24K	402.5K

Buyers (Bids)

No.	Vol.	Price($)
11	206983	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	17139	2

View Market Depth

No.	Vol.	Price($)
8	141983	0.240
9	232436	0.235
6	280994	0.230
3	127108	0.225
7	306500	0.220

Price($)	Vol.	No.
0.250	17139	2
0.255	50000	1
0.260	60000	1
0.265	73812	3
0.270	57221	3

Last trade - 16.10pm 02/08/2024 (20 minute delay)

ARR (ASX) Chart

I thought the same as i posted the other day, thats why i took...

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

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Buyers (Bids)

Sellers (Offers)

Featured News

I thought the same as i posted the other day, thats why i took...

Top Stories

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Is oil undervalued?

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

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Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News