ARU 0.00% 13.0¢ arafura rare earths ltd

Ann: Second Issue of Shares- Entitlement Offer, page-3

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  1. 2,201 Posts.
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    Unfortunately we have a chief who chooses the easiest option of bagging $20 odd million through the umpteenth CR..virtually slashing our SP in half (in reality soon) instead of seizing the opportunity to stitch a financing-package of hundreds of millions $ required to get this bird to fly..producing..

    It'll be quite-a-wait to get SP back into double figures where he tore-it-down from with the 'help' of Patersons et al..For those who didn't read attachment from a previous post, the following historical article may be quite an eye opener...these are the people Mr Lockyer turned to, instead of putting in the appropriate-yards signing offtake agreement/s and ending this debacle of constant share-diluting CR's..with a comprehensive finance package..He'll probably ask us voters for a pay-rise out of this $23 million ish..and really how far have we come in this last decade of tightening rare earth supply..

    disallowed/business/stock-spruikers-pump-and-dump-in-wild-west-20141109-11jbga.html

    We had some up-rampers here last month telling us the SP would be 30 to 40 cents before Xmas..you know who you are..enticing honest hard-working folk to pay too much then lick their wounds with this enormous amount of shares to be 'placed'..The above article refers to H.C. posters assisting the financial rogues..perhaps our up-rampers are in that category..

    I'll aim to do most of my buying around 5 cents again..the yo-yo is set to continue and the next CR attempt won't be too far off..upon the next big spike IMO..history agrees and he just missed the best boat of the decade..
 
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