If there was a problem with ARL, the sell off would have been far more savage. Don't imply the drift is anything but nickel price + overall spec macro, because if the market actually had an issue with ARL it would be in the 30's and 40's right now on volume.
As for that money being wasted, sinar mas (which is a billion dollar entity) clearly put it's money where it's mouth is. Are they wasting their money? Do they know nothing about making billions?
If you want to be bearish about ARL there are far better points to make, not these. How about discussing the likelihood of the consortium progressing because that's the most relevant topic right now.
If there was a problem with ARL, the sell off would have been...
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Last
49.5¢ |
Change
0.040(8.79%) |
Mkt cap ! $98.84M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 50.0¢ | 45.5¢ | $63.93K | 130.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3214 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 16000 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |