Aorere Resources

[Southern Lad]

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).

[GTM 3442]

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

[percy]

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[whatsup]

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 !

[Southern Lad]

Fat finger, imo USX will reverse once they realise what has happened !

I see the trade has now been cancelled

[Sideshow Bob]

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.......

[Sideshow Bob]

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

[nztx]

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

[nztx]

Bye bye.....

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https://prod-trade.usx.co.nz/assets/...=announcements

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

[Sideshow Bob]

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.