You've been around ARV for a long time a long Fred, I remember you were doing your R'ssss and were in deep distress ... good to see you are slowly clawing back some losses. Just don't get a warm and fuzzy that it will head back to 10 cents very rapidly.
This is nothing more than a UK lead day traders pump and dump based on a Haverion "Nearology Play" with Clayton featuring heavily in that at the beginning of the greatland move.
I backed the ARV for the Munni Munni play 2 years ago, that fell through until it is now mysteriously back on the agenda. Platina (PGM) are very happy about it.Their shares jumped today and stayed there,unlike the usual pump and dump pattern ARV old timers know very well.
The Carlow Castle deposit of Arsenic laced low grade multi metal mystery bits and pieces leading hopefully to a decent sized ore body close to surface. Radio Hill sits idle and by now must need a good grease and another coat of Blue paint for photo opp shots.
However, I thought the Paterson range opportunity Lenigas scored over RIO was possibly the ace up ARV sleeve, until they decided to go into vague mode for over 12 months, capital raise after capital raise without the results to get value back for large losses incurred by some ARV holders at the time.
ARV took a position and I was happy and took up more shares in the CR's on the basis of the Paterson position.
That is now history.
The newbies need to pay close attention to the moving averages on a daily, weekly and monthly basis. Today was a prime example of how to keep the VWAP under control whilst the pump and dump volatility rages during the trading hours.
If you want fast buck or bust , go for it .. It hit bottom at 1.6 cents in March and if you trade it smartly you may be able to make a shekel or two.
However if your timing is slightly off or your sell button doesn't respond when your trading platform mysteriously slows down .. you need to rethink how you intend to turn a profit.
ARV does not produce anything, ask yourself, will it ever go to production? It has well over a billion shares on issue,rapidly approaching 2 billion.
What will the market cap look like when that happens.? Unsustainable ??
Good luck punters! You need to be very nimble and agile whilst trading ARV. I invested and lost, fast and furious trading is the way to go.
But, that's just my opinion.
So Fred, beware.
Caveat Emptor,
HR
DYOIR
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You've been around ARV for a long time a long Fred, I remember...
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Last
1.4¢ |
Change
0.001(3.70%) |
Mkt cap ! $26.83M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.4¢ | $2.346K | 171.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 500000 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 712666 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 500000 | 0.013 |
8 | 1270422 | 0.012 |
11 | 3166669 | 0.011 |
8 | 5362500 | 0.010 |
5 | 3799444 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 632666 | 6 |
0.015 | 4779956 | 10 |
0.016 | 7366666 | 5 |
0.017 | 1447437 | 4 |
0.018 | 3938721 | 7 |
Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
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ARV (ASX) Chart |