there are 2-3 more cuts from RBA in this year, making cash rate around 1.5%-2%.
one cut = $11m more EBIT for ARI.
today we see most junior IO miners up thanks to the rate cut yesterday.
Holding MGX not ARI, but I am looking at a good entry to catch the up trend & filing of the gap
chart, page-7
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Last
2.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.45M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4670 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 789 | 2 |
View Market Depth
| Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
| ARI (ASX) Chart |
Day chart unavailable