ARU 0.00% 20.0¢ arafura rare earths ltd

Nolans could be uneconomic as it is a heavy debt not free gift, page-6

  1. 2,145 Posts.
    lightbulb Created with Sketch. 250
    I likened it to "Salt Lake Potash" and fear the same may play out with this one as a risk.

    Big capex, heavily financed, new industry and will be with cost overruns(above contingencies), couldn't hit name plate outputs and the potash price even when it was elevated in 2021/22, just couldn't recover costs.

    Let's hope the mineral deposit is what they say it is, and not just porked it up to get the finance.

    This one has similar risks, and Nd price is headed for the gutter after covid.

    All imho.


 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.000(0.00%)
Mkt cap ! $462.0M
Open High Low Value Volume
20.0¢ 20.0¢ 18.8¢ $990.7K 5.075M

Buyers (Bids)

No. Vol. Price($)
9 265573 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 1687189 51
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.