For those of us that value a share based the amount of gold available based on CURRENT information, there is another way of looking at the figures.
Since ARV' s peak in SP at 59c, the present shareprice actually represents a massive increase in the potential price per ounce of recoverable gold!
Show me another share where the potential amount of gold decreased by such a massive amount and the SP did not follow proportionally.
AVR SP actually represents a more than doubling of the SP per potential ounce, or per potential g/tonne since the peak!
While this good news might not be welcomed by those who bought in when basic calculations indicated an enormous resource, it does show that interest in conglomerate gold is still very much there, and buyer are showing great faith.
Valuation, page-20
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $23.00M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $18.76K | 1.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2455119 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 2600000 | 2 |
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| Last trade - 10.00am 01/10/2024 (20 minute delay) ? |
| ARV (ASX) Chart |