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  1. #1
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    Default Aorere Resources

    For the last two years, the traded share price has been $0.001 per share, albeit that trading has been pretty infrequent. Thursday this week 85,500 shares traded out of the blue at a reported price of $0.50 each, giving Aorere a stated market capitalisation of $1.2 billion.

    Given there is a seller listed for 87,140 shares today at $0.0007, one assumes Thursdays trade was intended to be at $0.0005 per share. Interestingly, it doesn’t appear Thursday’s trade has been reversed, meaning someone is $42,000 out of pocket until it is (and the reverse for the seller).

  2. #2
    Ignorant. Just ignorant.
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    Default

    The cynic in me thinks that it might be a precursor to a capital raising. . .

  3. #3
    percy
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    Default

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxx
    Last edited by percy; 09-07-2023 at 10:25 AM. Reason: All covered by Southern Lad's post

  4. #4
    Guru
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    Quote Originally Posted by Southern Lad View Post
    For the last two years, the traded share price has been $0.001 per share, albeit that trading has been pretty infrequent. Thursday this week 85,500 shares traded out of the blue at a reported price of $0.50 each, giving Aorere a stated market capitalisation of $1.2 billion.

    Given there is a seller listed for 87,140 shares today at $0.0007, one assumes Thursdays trade was intended to be at $0.0005 per share. Interestingly, it doesn’t appear Thursday’s trade has been reversed, meaning someone is $42,000 out of pocket until it is (and the reverse for the seller).
    Fat finger, imo USX will reverse once they realise what has happened !

  5. #5
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    Quote Originally Posted by whatsup View Post
    Fat finger, imo USX will reverse once they realise what has happened !
    I see the trade has now been cancelled

  6. #6
    Legend
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    Financials out today for YE 31/3/23. Alot of beans to count??

    https://prod-trade.usx.co.nz/api/fil...2640e36032.pdf

    Not much cash left in the jar.

    Chunky lift in management fees.......

  7. #7
    Legend
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    Bye bye.....

    ARL has asked to be delisted from the USX effective at the close of trading today 6 March 2024.


    https://prod-trade.usx.co.nz/assets/...=announcements
    Last edited by Sideshow Bob; 07-03-2024 at 08:58 AM.

  8. #8
    Legend
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    Quote Originally Posted by Sideshow Bob View Post
    Financials out today for YE 31/3/23. Alot of beans to count??

    https://prod-trade.usx.co.nz/api/fil...2640e36032.pdf

    Not much cash left in the jar.

    Chunky lift in management fees.......

    Ins and outs though - weren't they mostly

    A bit of a receptical for collecting them & paying them out by looks

  9. #9
    Legend
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    Quote Originally Posted by Sideshow Bob View Post

    that was abrupt .. now what ? stranded holders may contact the King of the Castle to see if anyone want a trade ?

  10. #10
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    Quote Originally Posted by nztx View Post
    that was abrupt .. now what ? stranded holders may contact the King of the Castle to see if anyone want a trade ?
    Well it hasn't traded in last few years anyway....... Last trade March 2022 and before that was November 21.

    Even at $0.001 quote, when you've got over 2.5 Billion shares on issue it still gives you a market cap of over $2.5 million.

    Assets of only $400k, with cash in the bank of $1,337 then I think they may struggle to pay the management fee which was $148,040 for the year to 31/3/23 (up from $84k the previous year).

    Doesn't look like Decklar going any good, which I think is their main asset? 21c to 4.5c in the last year.

    So when it probably can't trade at smaller decimal, then probably no point being listed.

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