It would seem that the “Gina” factor is more attractive than the $550m "bombshell news drop" and near-term SP performance, given Friday’s significant dip after such positive news, while another REE peer finished in the green, coughs A*R. As mentioned a few months back, when I held a modest position @ 17c post-CR, look out for a Gina TO in the 40-70c range. ARU is a rudderless ship that’s been dead in the water for nearly 20 years. Kudos to the new CEO though bringing in Albo’s $$$ I’m genuinely shocked this dipped on Friday; next week will be the make-or-break week if ARU can’t crack 30c next week and hold it over the next 20 trading days; a Gina takeover is all but certain, IMO. Ultimately, ARU has 24-36 months post-2027 as a producer to generate revenue but no profit; Nolans is only economical at $130,000t making it difficult to raise funds still needed for the train to leave the station, possibly why Albo's $ didn't move the needle much. Another significant CR is necessary - and ARU will likely pivot to become a refiner of other REE projects’ feedstock as a private Rihehart-owned company. I bought the news last week and got in @ 19.5c for a mere 10k units, and I was very shocked I got in at that price and sold 9k @ 26.5c, I’m keeping an eye on next week’s make-or-break moment that will determine if ARU remains a public entity or becomes a private entity. GLTAH
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $427.4M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 18.5¢ | $563.9K | 3.005M |
Buyers (Bids)
No. | Vol. | Price($) |
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21 | 1501044 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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19.0¢ | 511417 | 8 |
View Market Depth
No. | Vol. | Price($) |
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21 | 1501044 | 0.185 |
99 | 3515832 | 0.180 |
34 | 1162287 | 0.175 |
26 | 805731 | 0.170 |
13 | 769101 | 0.165 |
Price($) | Vol. | No. |
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0.190 | 511417 | 8 |
0.195 | 1824635 | 25 |
0.200 | 2411927 | 32 |
0.205 | 1120568 | 29 |
0.210 | 816305 | 24 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
18.5¢ |
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Change
-0.005 ( 0.00 %) |
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Open | High | Low | Volume | ||
19.0¢ | 19.0¢ | 18.5¢ | 1476096 | ||
Last updated 15.59pm 26/04/2024 ? |
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