This was my concern,
The reserves have been know for decades. Vale came and went. A report on a few drill holes ran and pumped this to $2/share... ARL has the same Billion plus Capex hurdles as its peers, Facing the same battery chem uncertainties as its peers, same extraction problem as its peers and in my opinion a bigger problem due to the spread out nature of the reserves.
Maybe RED can speak to ARL and get all of the confidential information he needs to ease his mind direct from the board just like his proposal at AUZ. He can't share this information with the rest but he will pinkly promise not to use it for his own $ gain.
Like I said last week... When this breaks 50c where does it end up... back at the same trading range of 35c-45c before the announcment that basciaccly said the same things as two decades ago?
Good luck to all Holders...except those self serving TOP 20's !!!
ARL chart, page-3366
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $91.85M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 45.5¢ | $23.69K | 52.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9327 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 4546 | 1 |
View Market Depth
| Last trade - 15.40pm 26/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |