Today ARU is starting to look very possitive again to me(I must admit to having been a bit worried). Dines is still recommending a buy up to $1.80 and the institutional buyers are eager to dive in at $1 - this shows that the project (and the share price) has solid support.
I think most people must feel the same because on a down day, ARU is holding up pretty well.
When I found out about the capital raising I thought the share price would plunge below $1 and then pick up again but it seems ARU has good support dispite the bitterness on Hot Copper.
I think we've seen the worst and the sp will slowly rise from here. Any good news will accellerate that.
capital raising, page-27
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $363.4M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $176.0K | 1.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 84 | 2286631 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 492421 | 22 |
View Market Depth
| Last trade - 13.48pm 05/11/2024 (20 minute delay) ? |
| ARU (ASX) Chart |