ARU 0.00% 16.5¢ arafura rare earths ltd

Ann: Trading Halt, page-98

  1. 321 Posts.
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    Similar here. First buys in Sept 2011 around 60c and few more around 20c when the Chinese ECE Nolans saved ARUs bacon. Then bought at every CR/SPP including on-market, lowest at 4.1c. A stack more these past 5 yrs all the way up to 62c a month ago.
    Note my recent posts on ARU (also note I basically only ever post on ARU - because it’s a company I know well) which warned shorters were dicing with death because when that Binding Offtake announcement happens it would be a TH and shorters would burn. My advice to shorters is to exit ASAP- their best price/ least loss will be Tuesday-ARU will jump to near enough 60c and continue to climb all week.
    Any “would-be sellers” should think otherwise unless you’re a forced seller.

    One possible complicating factor next week is the Chinese ECENolans holding of just under 5% (see Thursdays announcement) It would appear they are finally selling out and the first 4 million (out of 110million) appears to have been sold on-market. Wondering if they will continue to sell (temporarily suppressing the SP) or if someone like GR/HP might offer to buy their stake OR they might just realise that ARU is a good investment and hold for a few more years and possibly get themselves a Disallowed (they purchased at 20c)

    Hold onto your hats ppl. ARocketUpya.
    GLTA(patient)H AIMHO DYOR
    “Build it they will come (for more)”
    Last edited by bigblackbear: 07/04/23
 
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