ARU

2.94%

16.5¢ arafura rare earths ltd

Ann: Share Placement Raises A$3m, page-36

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ausheds

19,584 Posts.

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26/04/19

15:19

Post #: 38278519
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Originally posted by jaluma ↑

Come on @ausheds, why not look at the most relevant history, which is that capital raising immediately preceding this one to understand the current ability of management to raise capital this time. That is the only real way to judge the recent placement.

ARU raised money in December last year with an OVERSUBSCRIBED SPP prior to the DFS being released that raised $3m, which was also combined with a $1m placement (so $4m in total). This was done at a 20% discount and again was OVERSUBSCRIBED by shareholders and supported through a placement, with no visibility into the DFS results.

But after a much anticipated DFS was released and viewed as having positive results by the market, along with corporate action from WES with LYC, along with a strong rise in the share price, they then offered sophisticated investors (Funds and Brokers only) a 30% discount, which has then not surprisingly led to the weak hands (gee I wonder who that could be?) dumping their shares on market for a quick profit.

Maybe Management will realise off the back of this that they need to seek better counsel than their current advisor/broker around capital raising's.

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Fair enough, my bad, I should have checked before banging away at the keyboard.

ARU Price at posting: 5.1¢ Sentiment: None Disclosure: Not Held
1 Upvote

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(20min delay)
Last 16.5¢		Change -0.005(2.94%)		Mkt cap ! $395.8M

Open	High	Low	Value	Volume
17.0¢	17.0¢	16.0¢	$1.063M	6.400M

Buyers (Bids)

No.	Vol.	Price($)
1	24995	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	448096	11

View Market Depth

No.	Vol.	Price($)
1	24995	0.165
90	3833041	0.160
49	3703332	0.155
61	3809827	0.150
23	1341287	0.145

Price($)	Vol.	No.
0.170	423096	9
0.175	839340	14
0.180	1897536	25
0.185	1030485	18
0.190	1152921	20

Last trade - 16.10pm 02/08/2024 (20 minute delay)

ARU (ASX) Chart

Ann: Share Placement Raises A$3m, page-36

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Share Placement Raises A$3m, page-36

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News