ARL

1.09%

45.5¢ ardea resources limited

The Dean is just wondering if you are using a stop loss...

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The Dean

13,370 Posts.

1235

17/09/18

15:38

Post #: 35650012
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Originally posted by Kablooey: ↑

Looking at the yearly activity pattern, I noticed that we’re pretty well at the end of the sale cycle.... then I finally waved the white flag myself & sold 2,000 units for some bills I have to pay.

Then the price went up 3 cents from where I sold. It’s good to see the universe working correctly- now that we’ve hung on through the miserable middle of the year which for Oz sees tax time & the general downturn in both general sentiment as well as business activity that follows that financial year’s end, ( June 30 ), it’s on to spring & the time of year when things in Oz heat up.

1 year closer to production. Our neighbour, the biggest neighbour in the world, BHP, is still making the right noises.
Nickel & cobalt are at a higher price, ( even with the recent weakness which is perfectly normal when we consider seasonal strength/weakness in commodity pricing ), than when we hit $2.20.
We have not caved in & taken on a, for me quite worrisome, Beijing backed entity or gotten ourselves in to debt, Japan has announced their intent to get in to cobalt in a big way.
Battery producers are talking a tripling or their cobalt requirement & we have met each milestone in a timely manner- something which from decades of personal experience I can say with 100% certainty the Japanese in particular love.
Our management shows more faith in the company than any I can see around us- our peer’s investors would be over the moon if their own management held what ours does & we aren’t relying on any unproven & costly tech for extraction.
We have an excellent joint venture etc negotiation guide/partner.
We still have more of what everyone wants.

Of course lastly we have also been quite conservative in saying what we have while calculating our CAPEX properly- we will surprise people with good things. Our peers on the other hand..... I really can’t say that. I think some will soon find that they’ve shot thier bullets out of necessity, too soon & have used bigger cartridges than their rifle can actually handle/justify.

ARL is still not a stock for the weak kneed & cheers to all those weak holders who have sold over the last 3 months. ( apologies for that long list above, it looks very unattractive from an aesthetic point of view but hey- with so many good points for the long term we can’t help but write such a long list ).

All is well.

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The Dean is just wondering if you are using a stop loss protection system. Since your post about two weeks ago <ARL> had dropped from $0.77 to todays' $0.53
That market is being unrewarding these days. Shame

ARL Price at posting: 53.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 45.5¢		Change -0.005(1.09%)		Mkt cap ! $90.85M

Open	High	Low	Value	Volume
46.0¢	46.0¢	45.5¢	$54.70K	119.5K

Buyers (Bids)

No.	Vol.	Price($)
3	65989	45.5¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	22000	1

View Market Depth

No.	Vol.	Price($)
3	65989	0.455
5	24500	0.450
1	20000	0.435
2	12000	0.430
2	9050	0.420

Price($)	Vol.	No.
0.470	22000	1
0.500	4199	1
0.510	2192	1
0.520	10575	2
0.530	50950	1

Last trade - 15.46pm 19/07/2024 (20 minute delay)

ARL (ASX) Chart

The Dean is just wondering if you are using a stop loss...

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The Dean is just wondering if you are using a stop loss...

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Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

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