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
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $450.5M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.3¢ | $599.7K | 3.068M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 276808 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.0¢ | 1528820 | 28 |
View Market Depth
No. | Vol. | Price($) |
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6 | 276808 | 0.195 |
77 | 4070110 | 0.190 |
81 | 3106632 | 0.185 |
100 | 2920718 | 0.180 |
33 | 1432576 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1528820 | 28 |
0.205 | 975416 | 18 |
0.210 | 2040871 | 25 |
0.215 | 851337 | 19 |
0.220 | 471470 | 21 |
Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
19.5¢ |
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Change
-0.005 ( 1.37 %) |
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Open | High | Low | Volume | ||
19.5¢ | 20.0¢ | 19.3¢ | 3431942 | ||
Last updated 15.59pm 23/05/2024 ? |
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