Certainly not a short seller - They have no interest in ARL (Below is the short interest in last 3 years - barely 0.1% at the worst of times) - main reason for this is ARL register has genuine holders and no one would lend 1 share to short sellers out of us.
The 19.9% level is interesting and I suspect the shareholders that came in Aug-23 (GEAR etc) would want to gain a solid footing and so would the group of investors controlled by Ian/Matt. Ian and co. are very well aware of what Gina/Chris did to liontown/azure etc and they donot want to be in that position. Therefore 20% blocking stake is very important and I think Ian and his supporters(incl me) have well in excess of that. So do the Aug-23 group of investors (Gear etc)
This may be controversial - But my initial theory (& current view) was that the 62c order is placed where it is placed to somewhat align with the announcement. What I mean by that is the announcement is not far now! My heart beats faster when I type this!
Learning experience for sure. I have dedicated my last 5 years to studying Ardea and will enjoy the next 3 years of derisking process just as much.
ARL chart, page-3602
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 (20min delay)
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Last
60.0¢ |
Change
-0.040(6.25%) |
Mkt cap ! $119.7M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.0¢ | 59.0¢ | $271.5K | 446.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19894 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.5¢ | 13000 | 1 |
View Market Depth
| Last trade - 15.56pm 16/05/2024 (20 minute delay) ? |
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Last
60.0¢ |
Change
-0.040 ( 5.51 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.5¢ | 60.0¢ | 126004 | ||
| Last updated 15.56pm 16/05/2024 ? | |||||
| ARL (ASX) Chart |