Well, speaking from an impartial point of view (and it is hard to do so being an ARL holder!), Cobalt 27 does have an upper-hand over an explorer or even a miner producing cobalt. That's because the cost of physically storing cobalt should theoretically be much cheaper than exploring/mining/refining the material.
Furthermore, due to the unusual difficulties involved in producing the material itself (ie. that it is mostly produced as a byproduct of another material, thereby creating a dependency on the price of the other material), the idea of simply holding the material during a time when the price of the material was going up was pure genius, to be honest.
ARL chart, page-48
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Last
50.5¢ |
Change
0.025(5.21%) |
Mkt cap ! $100.8M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 52.0¢ | 48.5¢ | $19.80K | 39.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2464 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 10000 | 1 |
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| Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |