ARM remains extremely undervalued when you consider the area of leases it holds,it's cash position and the Martin Pyle factor. Have a look at the other junior he is associated with (EKM) and watch how it has performed over the last 4 weeks. An interesting exercise is to compare AUC which has a current SP of 43c and has from memory 90m shares on issue and a similar number of options and ARM.IMHO the discrepancy is obvious,I am not denigrating AUC rather just pointing out that ARM is undervalued.Subtract each company's cash from their MC and you will quickly see what I am referring to.
ARM Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
