Mining breakthrough in Australia., page-8

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TerryJK

726 Posts.

129

09/02/21

13:16

Post #: 50825596
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Originally posted by prawn_man: ↑

Amigos, ARR went up in rapid steps a few times in 2020, and on each occasion it steadied a little which shareholdings adjusted. From my experience, it seems to happen without warning. So just when I have felt ARR has been going nowhere, suddenly the shareprice takes off. There is no pumping from the management, they just get about their work in quiet style. The management holds almost 30% of the stock, so they are not there to keep the seats warm. My understanding from announcements is that they will drive this compnay to pre-mining stage before the end of the year. That will be worth seeing. Also, on the exploration front, they now have three rare-earth propsects in USA - and that's pretty unique for the ASX, especially given ARR's market cap is about $33 million. Exploration and metallurgy are currently going on - so I'm going to be patient for 12 months (it beats giving the bank my hard-earned and waiting for them to give me 1% for looking after it). Best of luck to shareholders.

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Thanks Prawn man.. Appreciate your updates.

Do you think ARR could be a takeover target?

I am noticing consolidation. And large volumes being traded. But it's all quiet and not going the right way so to speak. Does anyone have some insights on when the next announcements would be coming.

ARR Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 24.0¢		Change -0.005(2.04%)		Mkt cap ! $121.7M

Open	High	Low	Value	Volume
24.5¢	24.5¢	24.0¢	$76.03K	313.8K

Buyers (Bids)

No.	Vol.	Price($)
15	471833	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	13057	3

View Market Depth

No.	Vol.	Price($)
15	471833	0.240
4	221353	0.235
9	167787	0.230
2	225000	0.225
9	358345	0.220

Price($)	Vol.	No.
0.245	13057	3
0.250	57423	2
0.255	19259	2
0.260	203511	4
0.265	254361	6

Last trade - 16.10pm 03/07/2025 (20 minute delay)

ARR (ASX) Chart

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