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4.08%

47.0¢ ardea resources limited

Should do very nicely, but I feel will need to be patient with...

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shades2

2,768 Posts.

10

25/05/17

00:17

Post #: 24896076
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Originally posted by Kablooey ↑

So a company owned by Nomura investments, ( the Japanese company that had a 67? year straight run of profits only broken a couple years ago ), is patiently accumulating a large position in a huge deposit of cobalt and nickel with enough gold and zinc to grease the wheels- so patiently that they haven't yet upset the price too much thus ensuring a decent entry price for that large position..

I wonder why Japanese companies would want to quietly take positions in crucial battery, super alloy etc materials such as nickel and cobalt?
Could it be they are home to many if not still most of the world's leaders in battery and varied component makers who know where at least the next 15 years of demand will be coming from?

Tells me there is a good numbers of years for our many friends such as the nickel cadmium and more cobalt than lithium lithium batteries yet.

People ask/talk about new battery chemistries etc- it always makes me wonder how much potential has yet to be found in existing materials such as cobalt etc.

Long story short- two thumbs up for such a company as instinet to be so consistent in their competing for shares that we all own at least some of.

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Should do very nicely, but I feel will need to be patient with this one.

ARL Price at posting: 55.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 47.0¢		Change -0.020(4.08%)		Mkt cap ! $93.85M

Open	High	Low	Value	Volume
47.0¢	47.5¢	46.5¢	$19.83K	42.37K

Buyers (Bids)

No.	Vol.	Price($)
1	19018	47.0¢

Sellers (Offers)

Price($)	Vol.	No.
48.5¢	383	2

View Market Depth

No.	Vol.	Price($)
1	19018	0.470
6	79847	0.450
1	20000	0.435
2	24000	0.420
1	25000	0.405

Price($)	Vol.	No.
0.485	383	2
0.495	8282	2
0.500	8542	1
0.510	12667	1
0.520	83552	4

Last trade - 11.15am 07/08/2024 (20 minute delay)

ARL (ASX) Chart