Technically looking the goods now, albeit I would like to see a little more volume.
The run up from 43c to 50c late last week, retraced back to 43.5 yesterday and now forming a nice wave 2.
If volume comes in later today or tomorrow then we should break up to the 66c/68c range.
Logically the current market cap when viewed against peers is non-sensical, it suggests we will never develop Goongarie, which from the fundamental public information does not seem to be the case. The question is who are we likely to get into bed with?
Irrespective with a cap of $50m, take $20m and then $11m off we get $19m ... is Goongarie, and including our other land really only worth that ...
Watch out for St Georges results !!
NL.
ARL chart, page-1351
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $86.86M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.5¢ | 43.5¢ | $7.029K | 15.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2200 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 15000 | 1 |
View Market Depth
| Last trade - 14.25pm 03/09/2024 (20 minute delay) ? |
| ARL (ASX) Chart |