Matchbox, that's a good point. So there's been another 1100m of drilling since last results. The ARX chairman was quite upbeat in his hopes of good results ... maybe he knows something already. Also, before Friday's sell-down, there were a couple of good volume trades earlier in the week that could have been insiders. The sell side isn't that aggresive really, and it seems only the overall market slumping forced ARX's share price down last week, hopefully. (For example the current bid at 4 cents looks like a sitting duck - as the next best bid is at 3.5 cents - but no one has been quick to hit it.)
Not much to go on I know. My guess is the the results will be better, but still not bonanza. Notice that on the annoucenment of the last 3 drill results, the market has gapped up, but then sold down. People will now be inured to this behaviour, and trained to sell the rally. But IMO I'd be careful about doing so if we have another gap up. Just my opinion, but it could be the wrong thing to do for once.
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Last
4.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.61M |
Open | High | Low | Value | Volume |
4.4¢ | 4.7¢ | 4.4¢ | $240.2K | 5.283M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 80799 | 4.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 111111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 80799 | 0.045 |
2 | 69068 | 0.043 |
3 | 973285 | 0.042 |
6 | 978682 | 0.041 |
10 | 868076 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 550250 | 7 |
0.048 | 941111 | 3 |
0.049 | 1025000 | 2 |
0.050 | 559081 | 3 |
0.051 | 490000 | 2 |
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