Most retail investors switch off after reading the headline. Most retail investors also underperform compared to the market as a whole with many actually losing money in their trading adventure.
Read the story and what do we see… demand outpacing supply growth this year.
Demand 8~% Supply growth 6~%
Note- the article tells us that INSG repeatedly overstates supply growth while understating demand growth ( a general trend in the broader market that some of us have noted for a long time now).
That’s a lot weaker supply growth than in 2022 & 2021. Why? Because Indonesia’s explosive supply growth was and is unsustainable.
My prediction is that average costs for Indo as a whole will start to rise thanks to the best ore having been targeted and ruthlessly exploited as quickly as possible by mostly Chinese backed companies as well their desperately trying to pursue ESG goals.
To a video that a fellow poster noted but didn’t post- CEO of Canada Nickel Mark Selby ( who promotes FPX who’s deposit is lower grade than ours- in fact it would be a zero tonne resource if they used the same cut off grade we did ), finally notes Ardea in a positive way- having to look away while saying ‘biggest and best’ as if that admission made him quite uncomfortable.
The problems this time: He talks about it as being part of all Australian HPAL projects when each company should be judged on its own. He doesn’t note that our deal with Sumitomo and Mitsubishi is for a part of our tenements- ‘the project’ which will lead the lazy investor to make the mistake that it’s 50% of our entire portfolio. As well as failing to note that the 50% is only applicable upon successful funding to build the partnered project ( FID for Goongarrie hub ).
Mark… the $98,500,000 DFS is for 35% of part of our tenements!
It’s kind of informative in that we start to see a trend in discussion/analysis where people not invested in Ardea are very reluctant to discuss our potential or when they do, to not discuss us accurately.
We are the elephant in the room that they are eventually forced to pay attention?
ARL Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
