Market is always right, current share price doesn't reflect future value of aru.
a good example is msb.. it has been the king of capital raising... last caps was around 30c from memory. Felt below 30c.. I think 26 or 27c ... that's was the bottom.. the price rise exponentially all the way to 1.20 in very short period time.. yet they have not been granted the licence but the Market anticipate they will... hence the price move beyond the news
key catalyst for aru is FID.. with current price .. does the market think it wont get it? I doubt it..
money talk..
Valuing ARU, page-155
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.8M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $446.2K | 2.874M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 2695095 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 2036367 | 21 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ARU (ASX) Chart |