And we have sat in the teens and low 20s eversince.
It is the same pattern as CXO which I have held since 20 cents and bought ARU a similar time.
Shot up on hype and crashed back down. Upon finally signing offtakes and securing funding it jumped back up but only got above the high again after FID.
It has moved up steadily since then on the back of the lithium price and bull run.
ARUs funding requirement is significant, so until that is secure at least to some extent, I find it hard to see it going to far beyond the previous highs.
Im in ARU and CXO for the long term. For the days when they pay dividends at a stupid % of my original investment. They will come. Just needs patience.
Price Preidiction, page-24
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $450.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $534.1K | 2.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 631081 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 91095 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |