ARL

1.08%

46.0¢ ardea resources limited

Largest cobalt resource with lowest valuation, page-1668

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ClockworkSmurf

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25/09/17

20:22

Post #: 27447888
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Originally posted by RED328 ↑

Some of my thoughts.
ARL share price is down a little and that's hard to deny.
The positive side to this equation technically is that overall the SP trend is still upwards and is positive.
We have increased our share registry by another 7 million odd shares, I would normally not be enthralled by this, however we are now fully funded through DFS and that is very positive.
This additional capital funds management and speeds up the existing programs to complete the DFS in 2019.
There is likelihood of spinning off some non core mining assets, possibly paying for plant and equipment and moving to a producer is a real probability sooner than later.
We have highly competent and proven management with skin in the game.
We are awaiting some very substantial news events, sure to be positive.
Cobalt prices are steadily increasing and cobalt is in short supply, demand is rising and supply is restrained.
Nickel prices are strengthening and we have lots of Nickel
We have Scandium in our overburden to help with the cost recovery in the initial mining phase.
Electric vehicles are now here and internal combustion engines are soon to be the past.
Battery demand is soaring Cobalt and Nickel will be needed in vast quantities.

WE HAVE
405 000 tons of Cobalt in our leases.
5 458 000 tons of Nickel in our leases.

ITS ALL POSITIVE
What do I think is happening with the share price.
Well 7 million shares have been created and sold at 0.725c Welcome new ARL shareholders.
Some of you are here for a quick profit and some longer term. Those taking a quick profit can only sell once. Hopefully long term holders are taking advantage of this opportunity. It wont last long.
Fundamentally ARL is a very compelling investment with a great story to tell.
The share price will be over $1.00 sooner than you think.
An announcement will change that.

This post is not financial advice DYOR
https://www.tradingview.com/x/nTZ88ejZ/

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Pops and drops really don't tell us much & well noted that the over all trend regarding price is positive. Jump back not too many weeks and 80cents was something to chase...

ARL Price at posting: 81.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 46.0¢		Change -0.005(1.08%)		Mkt cap ! $91.85M

Open	High	Low	Value	Volume
45.5¢	46.5¢	45.5¢	$23.69K	52.04K

Buyers (Bids)

No.	Vol.	Price($)
1	9327	45.5¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	4546	1

View Market Depth

No.	Vol.	Price($)
1	9327	0.455
1	1150	0.450
1	20000	0.435
2	12000	0.420
1	25000	0.405

Price($)	Vol.	No.
0.490	4680	1
0.500	11258	1
0.510	2192	1
0.520	10575	2
0.530	50950	1

Last trade - 15.40pm 26/07/2024 (20 minute delay)

ARL (ASX) Chart

Largest cobalt resource with lowest valuation, page-1668

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Largest cobalt resource with lowest valuation, page-1668

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