Weekly chart indicates a range from 0.005c up 0.035c with plenty of volatility in between. ARE are commencing a new drilling campaign as all those here are aware so the Pro's, as indicated by broker data kindly published by HomeBrand above are clearly accumulating - "punting" on favourable outcomes. Retail are probably trading pips on the way up.
The video link also published above is well worth a look as well. ARE will be drilling in a proven resource rich zone, surrounded by the big boys such as BHP with Olympic Dam & OZ Minerals + others. The odds that they strike something notable must be at least 50/50 or better imo.
Those of us who purchased early January this year on the ground floor are laughing atm. Those caught in previous pumps have their concerns. Its not a stock for the feint hearted but atm the trend is up (this month) so if you are set low then take the ride. Nothing wrong with pocketing a profit along the journey.
ARE Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
