Market's view on Arkle Res
Published on April 2024
- A successful drilling program has identified vein-bearing structures in all drilled holes, indicating potential for project expansion; further drilling is dependent on current results.
- Speculation about upcoming news on new projects, with expectations for drilling to commence at Stonepark.
- A potential lithium deal is anticipated, which could positively impact share prices; plans for a deep drill at Stonepark are being discussed.
- Concerns exist about the lack of transparency in the acquisition of two lithium licence blocks, questioning the specific jurisdiction not being disclosed.
- A significant purchase of stocks led to an increase in share price.
- Despite previous financial losses, confidence remains to raise additional capital; however, there is criticism of the management’s spending transparency.
- A significant shareholder has discreetly increased their stake, suggesting positive movement in share prices.
- Consistent buying patterns observed with large stock purchases over time.
- General market disinterest has led to stagnating share prices until further updates.