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Suni

3,043 Posts.

727

23/11/23

22:05

Post #: 71079069
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Originally posted by CORNBRED: ↑

Agreed Suni.

Someone on another stock calculated out AR3's strip ratio from their Dovetail drill data and it was 2.5:1, around 1.5 m width against 5-7 m overburden. In prime forest and farm land. That kind of strip ratio for low contained value REE clay ore will be an instant project killer, and that's publicly available info for anyone with MS excel and time on their hands. Never mind the fact you need to move a stupid square meterage due to the thin 1-2 m ore and bulk tonnage nature, as you have said, approvals are a pipe dream here.

And that's not even getting started on the acid consumption which many have flagged on these threads and is still kept top secret. Even the Esperance hopefuls are sharing their acid consumptions now, there is no excuse from AR3 and ANSTO to keep this from shareholders.

They backed themselves in a corner calling the co "Australian Rare Earths", can't pivot into lithium with their $12m war chest (which is solid and good capital management by AR3) like KTA has. So now they are picking up land in QLD "prospective for ionic clays" and I imagine if they get even remotely good grades there Koppamurra will be forgotten.

Spending a fortune drilling Koppamurra, 30,000 m drilling planned for next year. They have drilled this thing to Swiss Cheese already and all they accomplished was more negative value dirt (tonnes) at even lower head grade with the updated MRE. So they are clearly intent on burning through their war chest and betting on another pump piece in the Australian to save them.

And don't even get me started on appointing a study manager when they don't even have a scoping study in the pipeline!

Clearly no retail are still in this as the HC threads are dead. Just the founders that are trapped and insto's that don't know their way around MS excel?

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A pump presentation in a very prominent newspaper sucked a lot of people in to the pump and dump.

Paid presentation in a newspaper - I am not sure folks know it is paid for the page space and the write ups that go with it. Traders catch wind of the upcoming article, pump the stock early in to the news. Picking up helpless victims along the way that leap in. The stock goes higher and more and more people sucked in.

Almost 300% rise in the SP in 2 weeks post pump.

Traders off load at the top and retail are left to slowly self cannibalise the stock as patience is lost and the reality of a quick buck diminishes. Time passes more and more until you are left with those who could not face the reality of the situation and are left holding the empty bag.

AR3 Price at posting: 18.5¢ Sentiment: Hold Disclosure: Not Held
8 Upvote

0 Great analysis

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