ARR 3.85% 27.0¢ american rare earths limited

Spotlight on American Rare Earths, page-4081

  1. 2ic
    5,694 Posts.
    lightbulb Created with Sketch. 4669
    This thread is becoming a serious embarrassment. When bulls fall back on blaming negative price action on posters who must be organised, dishonest agents of the CCP or other nefarious actors trying to steal the company or somehow stymie growth of an 'obviously undervalued project' is the time any grounded readers are going to click these bulls never had any idea...

    It's all about project fundamentals, then about timing of future developments, then about traders and profit takers not wanting to stay that long for obvious reasons, including risks ordinary to terrible fantastic results are ultimately delivered by management who promised the fantastic. Overlay then the selling vs buying that ratio that almost always drives the price trend and majority of traders who rightly pay attention to technical charts for investment signals in lieu of the effort/experience/knowledge it takes to accurately evaluate projects from a FA point of view... and it would be surprising if even the most concerted down ramping campaign would make much difference to market driven prices (who let's be honest, is ultimately instigated by inside information frontrunning short term newsflow for better or worse).

    Let's consider Over The Counter, illiquid, opaque and manipulated by controlling brokers for their clients (ie agents for 'good prices') false prophet of project worth or price direction. Price Discovery only has meaning and relevance proportional to volume based on multiple buyers/sellers. Any market with very few trades and large bid-ask spreads (or int he case of OTC often no bd or ask information at all) is almost mealiness for price discovery. ARRNF fits that bill atm, vs ARR on the ASX which at least trades with some volume...

    ARRNF... volume traded last night 43,449 shares worth ~$12.5k AUD
    https://hotcopper.com.au/data/attachments/6176/6176711-5cd5a10ae7da2484732ab35e344ba4ef.jpg

    ARR ASX has similar declining volume since the big pump n Feb, but even at the low buying interest yesterday traded 516k shares worth ~A$131k... 10x the volume and value. If you can't see the ASX dog is wagging the US OTC tails then it's probably time to stop whinging and start learning... because punting that 'this time is the exception to common sense and probability-based rules of investing' are very poor odds...

    https://hotcopper.com.au/data/attachments/6176/6176714-e8a8b99c986e43bf79750c9a43d4f9d4.jpg
 
watchlist Created with Sketch. Add ARR (ASX) to my watchlist
(20min delay)
Last
27.0¢
Change
0.010(3.85%)
Mkt cap ! $133.2M
Open High Low Value Volume
27.0¢ 28.0¢ 26.0¢ $281.0K 1.054M

Buyers (Bids)

No. Vol. Price($)
1 53816 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 5957 1
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
26.5¢
  Change
0.010 ( 0.00 %)
Open High Low Volume
27.0¢ 28.0¢ 26.0¢ 462115
Last updated 15.59pm 31/05/2024 ?
ARR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.