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4.35%

11.0¢ australian rare earths limited

Thank god someone beought this up. I was thinking the same thing...

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Sunaipa

62 Posts.

10

10/06/21

23:58

Post #: 53781192
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Originally posted by Paul7890: ↑

A few of the comments in that thread you linked on the ARR forum, including yours, don't seem to make a lot of sense to me.

"Even not right now, 30c is a very big ask for a very early stage RE explorer. This would put its SP MASSIVELY ahead of almost every other equivalent listed RE venture and I am not seeing any reason deserving of such a position."

It doesn't matter what the share price is, whether its $1 or 30c, what matters is the market cap. Constantly seeing this reference to share price as if share price is an apples to apples comparison - which is only the case when SOI are similar. Just because the share price will be higher doesnt mean the company is worth more, the prospects are better, etc, etc

40m SOI through the IPO, @ 30c = $12mil market cap.

Secondly, 725ppm TREO is right in line with Makuutu's resource grades. Obviously the projects are at completely different stages so we can see that the entire 39.9Mt for AR3s resource is inferred.

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Thank god someone beought this up. I was thinking the same thing but thought maybe all these other people saying 30c is too high know more than me.

can't trust the knowledge of everyone on the net it seems.

I applied for a parcel of $2000

AR3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 11.0¢		Change -0.005(4.35%)		Mkt cap ! $17.93M

Open	High	Low	Value	Volume
11.0¢	11.0¢	11.0¢	$2.42K	22K

Buyers (Bids)

No.	Vol.	Price($)
2	11530	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	444558	8

View Market Depth

No.	Vol.	Price($)
2	11530	0.110
5	478866	0.105
19	1401721	0.100
1	47000	0.099
1	20000	0.098

Price($)	Vol.	No.
0.115	444558	8
0.120	152259	5
0.125	17050	2
0.130	8333	1
0.145	99354	1

Last trade - 10.00am 24/05/2024 (20 minute delay)


Last 11.5¢			Change -0.005 ( 4.55 %)
Open	High		Low	Volume
11.5¢	11.5¢		11.5¢	4600
Last updated 10.07am 24/05/2024 ?

AR3 (ASX) Chart