Not a popular opinion, but as I've been saying the last couple of months cobalt should moderate itself in the short to medium term (that is for the next couple of years), while nickel rises. A net positive for ARL, especially in the long term.
Major suppliers do not actually want cobalt above 40 as it'd accelerate substitution. They should be able to keep the price under control as cobalt is unlikely to go off the hook completely until 2021, unless something happens in the Congo.
That said companies will be looking to secure supply sooner rather than later. Companies like ARL, CLQ and AUZ are well positioned to gain financing which should multiply share value. Furthermore Buckhorn taking all of his loyalty options is a great sign of faith in the company - and statistically speaking raises the chance the share price and company will do well - they are no doubt hard at work on the DFS and acquiring financing.
- Forums
- ASX - By Stock
- Nickel & Cobalt
Not a popular opinion, but as I've been saying the last couple...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
(20min delay)
|
|||||
Last
41.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.86M |
Open | High | Low | Value | Volume |
41.0¢ | 41.3¢ | 40.0¢ | $16.98K | 41.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.5¢ | 101 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.400 |
3 | 16895 | 0.395 |
1 | 10000 | 0.390 |
2 | 20499 | 0.385 |
1 | 7878 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 101 | 1 |
0.425 | 3760 | 1 |
0.430 | 3255 | 1 |
0.435 | 2289 | 1 |
0.450 | 1150 | 1 |
Last trade - 15.26pm 27/09/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |