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2.25%

43.5¢ ardea resources limited

ARL chart, page-1891

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RED328

3,329 Posts.

1886

18/11/19

11:07

Post #: 41480700
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Originally posted by the squash: ↑

I agree Red. No 3 most likely.

Ardea may be willing/looking to sell a stake in the company as an intermediate step towards strategic partner, and would have a $ value in mind for that based on the project value, not SP. A third party may decide its cheaper to buy that stake on market at this stage.

Option 4 is that we could also be seeing a history repeat moment - I believe Vale and BHP were both major shareholders of Heron in the build up to strategic deal - we could be seeing more than one party in the race with ARL now. If one entity grabbed all those Heron options off market, it would have given them a big head start in building a strategic position, and means someone else has to play catch up

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@the squash
Option 4 as you propose is also a very likely possibility, hadnt thought of that compettitive strategic scenario kicking in.
That being the case they are only half way there.
Bring it on if that is the case.
RED

Last edited by RED328: 18/11/19

ARL Price at posting: 69.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 43.5¢		Change -0.010(2.25%)		Mkt cap ! $87.86M

Open	High	Low	Value	Volume
45.0¢	45.0¢	43.5¢	$10.79K	24.80K

Buyers (Bids)

No.	Vol.	Price($)
1	1395	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	1748	3

View Market Depth

No.	Vol.	Price($)
1	1395	0.430
2	7680	0.420
2	12000	0.410
3	22500	0.400
1	10000	0.395

Price($)	Vol.	No.
0.435	1748	3
0.440	21711	4
0.450	20240	2
0.455	10000	1
0.460	15000	1

Last trade - 14.04pm 21/10/2024 (20 minute delay)

ARL (ASX) Chart

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