ARU 0.00% 17.0¢ arafura rare earths ltd

Ann: Senior debt process update, page-50

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  1. 19,587 Posts.
    lightbulb Created with Sketch. 4975
    Usual febrile, emotive responses, to be successful investing RE I've built an understanding of most of the wannabes, though haven't bothered too much with the latest crop of dreamboats, WHY shouldn't I comment?

    Particularly when I see the same tub thumpers bashing away at their fantasy year after year desperately trying to drag others underwater with them.

    Do I need to remind punters that after backing out sunk "deferred" exploration costs of $110M the Total Assets of ARU as at 31 Dec 20 were just a little more than $1M over the $16M COH at the time?

    And together with $130M of accumulated losses they are big talking CapEx $1.1Bn, with someone else's money? Gotta be kidding, wouldn't trust this lot with loose change.
 
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