ARU 0.00% 16.0¢ arafura rare earths ltd

Ann: Arafura and Hyundai Motor Company sign non-binding MoU, page-81

  1. 1,318 Posts.
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    I've been looking at this for a while and now jumped on board. I've just seen a Bell Potter report which came out end of last week, here's opening paragraph, lets hope they're right

    "Investment thesis: Buy (Speculative), valuation A$0.60/sh We initiate on ARU with a Buy (Speculative) rating and an A$0.60/sh valuation. The Nolans project is well advanced, with binding offtake and project finance as the next critical milestones for the business leading into FID during 2H CY22. Rare earth projects such as Nolans should continue to be supported by growing demand from the EV sector and a need to de-risk supply chains for western economies who rely on such minerals for defence technology and their own decarbonisation targets."
 
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16.0¢ 16.0¢ 15.5¢ $286.3K 1.825M

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7 90650 15.5¢
 

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16.0¢ 1269362 19
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