Tuesday, October 04, 2011 12:05:53 PM
only the traders are causing movement the last couple months.
Today for example, I watched the price move up 4 cents on a trade of 100 shares.
I would expect the price to slowly rise during the next 90 days as the debate of the environmental impact begins(continues).
Keep in mind that the Chinese continue to use and need more raw materials. They wouldn't dare make a bid before the final approval but after all is finalized (first quarter 2012?) that just may indeed happen.
My disclosure is that while I am not a large shareholder, I do own 100K shares. From todays price ($2.70) I do expect the price to pass the previous 52 week high (about $6.30ish).
As we get closer to actual production, $10 should be obtainable.
Now, ARC just needs to begin the heavy lifting...
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