ARU 0.00% 19.5¢ arafura rare earths ltd

capital raise will be soon..., page-26

  1. 5,800 Posts.
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    Hi Markco :)

    Yes - that's a good point about shareholders being included.

    It would really be rubbing noses in the dirt if the cap raising was by a placement to "institutions and sophisticated shareholders" at a deeply discounted price.

    I still don't know exactly what a "sophisticated shareholder" actually is? I thought I would qualify - I have a lot of shares, and I consider myself to be fairly sophisticated.

    I think what they really mean is "their mates".

 
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