focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
It's cheap by any metric IMHO
US$116.50 in shanghai...
its actually pretty straight forward when you have the information BOJO. ARV were Kauptsky without this sale. Note the total sale proceeds for AUD$2m with total funds in bank of AUD$2.3.
https://www.lse.co.uk/rns/ARV/disposal-of-non-core-investment-for-aud20m-hyifxsy0gqwbxwq.html
You can draw your own conclusions but its pretty obvious what was about to happen and why they were desperate to sell.
Iron price is surging. Currently US$113.50/t in Shanghai.
Stars are aligning!
Going to make sooooo much money in 2023, I can just feel it in me bones...
Think I need some more of these things on monday.
Yep, we are going up again. Nice...
At 1.8mt/pa that works out to >US$50m a year EBITDA.
Massive really all in the next 12 months.
Its the iron price ladies and gents. nothing else matters.
Iron is $112.00 in Shanghai.
Whats that word I'm looking for....?
Hoochimumma!
Yep thats it.
Bear burgers....
Ha fookin Ha.
Insiders like the board and executive team at Alien at the moment you mean?
Its a good thing to settle out here on no volume.
It means its going higher is my experience with these type of things.
Just for humours sake myavian what did you "predict"?
Depends if you think the directors know what they are doing or not Bishop. I happen to see this as fantastic.
I am Sure the peanut gallery will howls as they feel their shorts getting squeezed.
I cant wait to see what happens here. This could be EPIC.
I wonder who bought that...
I Guess we will have to wait for tomorrow morning to find out again.
Lads
focus on the iron price.
thats all that matters...
The only thing that matters is the iron price, currently US$106.
https://finance.sina.com.cn/futures/quotes/I0.shtml
My recollection is they they raised £1.5m three months ago and had £2.5m in the bank at that time
Excitable lot aren't you.
62% fe2o3 at $98.80/t is allllllll that matters...!
Everything else is just noise.
Giddy up!
Agree Max, its bizarre.
Seems to me things are moving well at Alien actually.
they are escrowed until mid next year
Three things to take away from todays RNS
1. These guys are clearly greta negotiators and know what they are doing to get this transaction done at this price.
2. Artemis was clearly desperate and has obviously been selling into the market for some time so that pressure is gone
3. Basically the entire senior management took a big chunk of the stock
I'll be buying more today. this is a good sign.
incorrect