If i could share my view here on our ARR. Feel free to comment
Looking back in Aug2022, the placement somehow was expected (short was hit the roof) and the shorters unwind their position since then.
The chart below depicts the upward rally from early Dec22 when ARR advised market how commercialisation feasibility and metallurgical tests indicated low processing costs. The rally supported with the volume on the back of positive news in the last qtr (SP from 19 to 33, obv volume 430m to 470m so there has been buyings on the last qtr)
It appears to me that the market shows the confidence on ARR management to deliver and should JORC be a triple wow, then we are likely to break ATH. With instos getting more %, I believe they are also waiting our JORC before they dippin their toes (or they already have in the last wk or two?)
I am expecting us to catch up with my other REE junior hahaha
ps: 19 is our major support, tested 3 times and the last test, SP bounced back hard.
Fly high ARR
If i could share my view here on our ARR. Feel free to...
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 (20min delay)
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Last
25.0¢ |
Change
-0.005(1.96%) |
Mkt cap ! $123.6M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 25.0¢ | 24.0¢ | $99.24K | 402.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 206983 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 17139 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| ARR (ASX) Chart |