I am very pleased to see an employee of the company converting the options, it is a good sign. It is also good to see the company rising on an excellent volume confirming the pennant breakout, hence I added to my position an extra 400,000 shares today and currently have 3 million and 950,000 shares as I believe we should be at 30 cents plus soonish. I am hoping the Fed meeting passes without much volatility and if so, I feel Arafura may finish the week with a bang
I still believe in our former chief financial officer, Peter Sherington in saying, end of year is the time we expect a binding off take agreement . I do also believe we may see 40 to 50 cents share price and if it does happen, the company may be considering raising large capital to help with funding the project in addition to the government money and strategic off takers and institutional investors
All I know at this stage, Arafura is still cheap and has a lot to catch up to its peers.
My thoughts only, not a financial advice Disclosure: current combined holdings 3.950 million shares
ARU Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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