Yep, that's absolutely understandable. Institutions are waiting for confirmation. I covered that not long time ago as well that different investors have different risk tolerance. Im going to sound like a broken record and everybody knows following already, but I just can't help it to bring it out again
Real action will start once the mine is running and especially when reporting first production quarter results. Institutional investors would be a key and if their analyzes turn out good, then they want big slice. What makes ARL so unique is world scale reserves. We have 7th reserves in world as a company, 8th place reserves have chinese company with 5.5 mln tonnes and then 9th is Mount Keith with 3.8 mln tonnes. So we are the biggest in trustworthy country. First ones are NC or Indonesia. We would be one of the first picks for institutions looking for nickel. And it would be long long term investment for pension funds for example. And our reserves would grow, it won't stop here. Now everybody will wait answers mainly for 2 questions - How big will be ARL share in first project and how we finance project.
It's interesting detail You brought out Chillimat. May I ask about Your source of information. Would be glad to hear more. Please share if You don't mind
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Yep, that's absolutely understandable. Institutions are waiting...
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Last
64.0¢ |
Change
0.010(1.59%) |
Mkt cap ! $127.7M |
Open | High | Low | Value | Volume |
64.0¢ | 66.0¢ | 62.5¢ | $72.52K | 113.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 63 | 63.0¢ |
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No. | Vol. | Price($) |
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2 | 2492 | 0.625 |
2 | 7672 | 0.620 |
2 | 34420 | 0.615 |
2 | 18225 | 0.610 |
Price($) | Vol. | No. |
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0.660 | 4546 | 1 |
0.670 | 13349 | 2 |
0.685 | 5000 | 1 |
0.690 | 4000 | 2 |
0.695 | 2847 | 2 |
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Change
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