Hi Alpha
Great news to see the USA ADRs finally equating to the ASX price. This bodes well for our NASDAQ listing.
I've reposted the year old valuation from Hallgarten below.
They had a conservative AUD 0.46 before our huge exploration advances over the past year, the Americanization of the management and Head Office and the instigation of a NASDAQ listing.
They couldn't predict the brutal bear market in junior explorers as shareholders sold out for cash or rotated
into bluechips. They couldn't predict the relentless downward manipulation of the ARR share price or Chinas manipulation of REE prices to freeze out potential new explorers and producers.
I see a rapid spike through 0.46 to surpass our high of 0.585. Once the big USA buyers come in we will be off to the races barring a Deus ex Machina.
Tuesday, September 20, 2022
Hallgarten & Company (44) 795 08 53 621
Coverage Update
Christopher Ecclestone
[email protected]
American Rare Earths
(ASX:ARR, OTCQB:ARRNF)
Strategy: LONG
Price (AUD) 0.235 $
12-Month Target Price (AUD) 0.46 $ ######
Upside to Target 96%
12mth hi-low $0.155-$0.585
Market Cap (AUD mn) 104.92 $
Shares Outstanding (mns) 446.48
Fully diluted 466.00
Hi Alpha Great news to see the USA ADRs finally equating to the...
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Last
29.0¢ |
Change
-0.010(3.33%) |
Mkt cap ! $143.0M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.5¢ | $54.06K | 187.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 91274 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 24885 | 3 |
View Market Depth
| Last trade - 11.50am 02/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
-0.010 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| 30.0¢ | 30.0¢ | 28.5¢ | 97538 | ||
| Last updated 12.01pm 02/05/2024 ? | |||||
| ARR (ASX) Chart |