Efficent market theory....NOT-Norant was mentioned here a few times in the last week,so I wish to share a interesting observation.The shares today traded as high as 1.03 ,when I called an hour ago ,the private placement was still available for 50 cents,with a full warrant for 75 cents.Now whats up with that!
People or persons are willing to pay 1.03 when they can buy for less than half(50 cents)plus pick up the full warrant for free.I bought NOT on fri ,monday and thursday,and due to the fact I could buy at 50 cents ( PP), I did,then shot out the shares I held at close to 90 cents,I should have waited for a dollar... the point being ,doesn,t seem right does it.
So the market is not always accurate,when things are good,the market over reacts,when things are bad,over reaction.If you would have asked 100 informed investors,knowledgeable about ARU,a month ago,what the price would be today (considering the rise in the price of gold),90 percent would have said higher than it was a month ago.