Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
ARU
arafura rare earths ltd
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CEO response to misinformation
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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Sharenot so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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Sharere: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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Sharere: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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Sharelook who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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Sharere: not so stupid now**hey big ears**** You got me there big fella,
I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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ShareThere are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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Sharesandune, you come across as being so deluded by hate.
The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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ShareVery direct, and good post. It's only others that will feel the shame for the directors TSS.
A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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Sharerogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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ShareSo you can see both sides of the story matty.
I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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ShareAgree seuss.
I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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ShareI know. Maybe I didn't explain myself very well.
There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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Please find below and attached a letter from Arafura’s MD and CEO Darryl Cuzzubbo:
DearShareholder
Recently there has been misinformation circulating publicly about Arafura. I would like to directly address this misrepresentation of facts and talk about how it is hurting our Company's reputation and shareholder value at a pivotal point in theCompany’s growth ambitions.
Let mestart by thanking you for your support over an extended period, noting that youhave stuck with us through our challenges. A declining NdPr price has broughtchallenging market conditions, but despite these external challenges, we havemade significant progress. Most recently securing A$1.2 billion of debt andcompletion support with nine lenders across five countries. There have beenvery few companies that have pulled this off, particularly with the marketvolatility. It has been long-term shareholder support that has enabled us toget to this point.
We are nowworking towards removing the funding risk overhang on our share price bysecuring the equity to reach a final investment decision on Nolans.
Our messageto governments and potential investors is that the only way to overcome China’scontrol of the NdPr market, notably oversupply and suppressed pricing whichdirectly impacts our share price, is to bring projects like Nolans intoproduction. The message that we are Australia’s leading rare earths project isresonating and we continue to build credibility and our profile amongst thesestakeholders.
Let mepersonally address the specific concerns recently raised, directly with us andpublicly on social media:
Use offunds to date
In 2023significant funds were allocated to advancing the Project, which included theimportant step of completing early works. This was done for several reasons:
- getting the Company to the point where we could reduce the Project’s critical path in the order of nine months
- derisking project execution by enabling main construction activities to commence across the site once project funding has been received
Wecompleted roadworks to enable access to site, installed and commissioned waterinfrastructure, and completed the installation of the 200-person constructioncamp facilities. This means that once we secure the funding, we can immediatelyrelease construction contracts and commence work on site.
Thissignificant investment in early works construction is helping advance us insecuring required equity. It also puts Arafura in the best position to meet thetiming expectations of our offtake partners, which will mitigate China’scontrol of the market and pricing, which in turn can help our share price.
Interimcapital raise
The interimcapital raise was done for the primary reason of improving our financial runwayso that it was not a concern for new investors that would stop them providingthe equity to reach FID.
Why wouldinstitutional investors give us close to U$S800 million in equity if we wererunning out of cash? If they did, they would likely want it to be at a discountto the share price to compensate for the risk, which is hardly helpful for ourcurrent longstanding shareholders. Unused interim capital raised will come offthe ultimate equity raise i.e., it will go towards building the project.
Finalequity raise and current shareholder dilution
Iunderstand the concern, which was the primary reason we did a shareholdersupdate post announcing debt closure.
Allow me tomake a few key points.
We pursueda maximum possible debt strategy. This means that additional equity isminimised and hence shareholder dilution is minimised. With that said, we werealways going to need a large equity raise to support a capital-intensiveproject like Nolans.
However, regarding the final equity raise, shareholder ownership dilution is different to shareholder value dilution. The equity raised is anticipated to go straight to the market capitalisation of the Company, supported by the project entering its next phase of development.
Furthermore,the final equity raise removes funding risk for our project which today is aninevitable drag on share price ie one would expect to ultimately see a shareprice re-rating once funding risk can be put behind us.
Our focusis to attract as much interest as possible in the final equity raise so that wepull this last step off, whilst recognising that higher demand will enable amore attractive pricing point. We firmly believe that this approach is in thebest interest of our existing shareholders.
Lastly,please remember that the conditions of the final equity raise will be voted onby existing shareholders – not incoming investors. This means that it must beattractive to you to get voted up.
Remuneration
The misinformation being circulated is attempting to convince people that I have a vested interest in a declining share price. This could not be further than the truth and the following will help clarify this.
The Board uses independent external remuneration advisors to benchmark competitive remuneration packages and ensure the structure of those packages reflect good governance. Reflective of our non-revenue generating stage, fixed remuneration is kept at or below the median of the market with more weight on long-term equity-based at-risk pay compared to our comparator peer group.
Performance rights that have been included in my employment offer have not yet been granted and will be subject to your approval.
Valuation of performance rights typically will use a 5-day volume-weighted average price (VWAP) of the Company’s share prior to calculation date, which for incentives would typically be the employment commencement date.
To ensure fairness, my total number of incentives in the upfront grant will be equal to the higher of this calculation and $0.20 (being the 5-day VWAP used in the grant of incentives to existing staff in December 2023). This means I will receive less performance rights than I would have, had a 5-day VWAP to my commencement date been used, however it was agreed that this would be fair given the share price was depressed at the time of my commencement.
Thereference point of $0.20 for calculating the number of performance rights wasdetermined by the Board at the time of my appointment in February. Once granted any performance rights will only vest into actual shares if the milestones to which they have been linked are achieved.
If the milestones are not achieved, my team and I receive nothing. Any reduction in share price below $0.20 will reduce the value delivered to me if, and when, they vest into shares. Any increase in share price above $0.20 will increase the value to me. This aligns my reward and that of my team with our shareholders. This is standard good governance in executive remuneration. The correctavenue to disclose a grant of unquoted equity securities such as performancerights, including details such as their reference point, is an ASX announcementat the point of granting and/or inclusion in the Annual Report, which was theavenue which we used.
Informationhas also been circulated that I have already received $1.1 million for theachievement of the debt milestone. Again, this is simply not true. Aspreviously mentioned, I have not yet been granted any performance rights andwhen I am, subject to your approval, the first milestone will be thecommencement of main construction which has not yet been met. Thisinformation was contained in the ASX announcement 5 February 2024 and allremuneration to 30 June 2024 was disclosed in the Remuneration Report containedin the Annual Report released to ASX on 21 August 2024.
It wasdisappointing to hear about the level of misinformation being circulated whenthe correct information is publicly available and easily accessible on ourwebsite.
Canaccordfee
Fees paid to Canaccord and UBS as Joint Lead Managers (JLMs) from the recent capital raising were disclosed on the Form 3B (Part 7E) lodged with the ASX on 24 July 2024.
A management fee and underwriting fee for a total of five percent of funds raised was shared by the JLMs, this fee is aligned with the market for raisings of this size. We note a fee of $3 million for Canaccord alone has been referred to publicly. Again, this is simply not true. The actual fee is approximately 10 percent of this. I have no idea of where the $3 million figure came from.
We also note there has also been recent discussion of ‘giving the fund arranger $160 million – when one of them is Canaccord’.
Again, this is simply not true. We assume this figure has been picked from the ASX Arafura presentation from 23 July 2024 on page 6, which shows financing costs of $168 million. Please refer to the relevant footnote which shows this amount consists of debt establishment and commitment fees, interest expense incurredduring construction and ramp up and equity raising fees. Please noteapproximately only 20 percent of these costs are incurred as equity raisingfees which will be shared amongst all of the joint lead managers.
ShortSelling
With thetwo recent placements focus has been on ensuring institutional investors thatare brought onto the register that have a long-term investment mandate.
For theJuly 2024 capital raise there were a number of hedge funds with mandatespossibly aligned with shorting, these groups all received only a fraction ofthe amounts they bid in the placement.
Our focus,as with all placements, is to allocate as much of the issue to the higherquality investors and those with long-term mandates.
Arafuraperiodically conducts a detailed ownership analysis of the share register whichsometimes includes stock lending and short selling. Unfortunately, and similarto all Australian listed companies, this analysis is unable to provide us withcomplete transparency as we can often identify only 20 percent of the ASICshort positions reported.
The best thing we can do with those that short against us is to just focus on taking the company forward where they ultimately realise that it isn't prudent to bet against us. This is where I would like our focus to be.
Newmanagement team
We haveestablished a new management team whilst more than halving the contractorsworking for Arafura. This improves ownership and costs but most importantlysets us up for delivering the construction phase. We would not deliverthe project on time and budget if we started recruiting the appropriate skilledteam once we achieved FID given that it can take six months or more to securetalent.
Furthermore,most sophisticated investors want to see that we have a proven management teamin place that will deliver the project before they invest with us.
I believethat we are incredibly fortunate to have attracted the team that we have. Iknow from talking to investors that they see the quality of our team as verypositive, and it is disappointing that this is being questioned.
In closing,I would appreciate asking one thing from you.
Ifaccusations are being made, could you please ask for the fact base thatsupports the accusation so that you can independently decide whether this issomething that has merit or not. The spread of unfounded and uninformed accusations is harming our Company’s reputation and could potentially impact our efforts to secure the necessary funding which, once secured, we expect will trigger a share pricere-rating given that the funding risk overhang will be behind us.
I feel that over the last few weeks we have spent a lot of time responding to baseless conspiracy theories. This is taking limited company resources away fromkey activities that will actually deliver shareholder value.
Again,thank you for your support. It is not taken for granted. We would not be atthis critical juncture without it.
YoursSincerely
DarrylCuzzubbo
Arafura MD& CEO
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ShareWe'd have loved to play with your mind GZ, but this one is just uniquely weird!
We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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ShareI am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)
I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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ShareI find that post rather repugnant and cynical cusox.
Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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ShareShadow, that is bull dust, and you know it.
If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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Sharere: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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ShareMaybe this sheds some light on it ............................
He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
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Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
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These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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ShareI get your drift joewolf.
The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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ShareAt this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.
CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Sharere: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!
Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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ShareWhat a fascinating thread reading back 3 months!
Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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- There are more pages in this discussion • 310 more messages in this thread...
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $418.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.5¢ | $406.4K | 2.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 120 | 6329663 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1126859 | 13 |
View Market Depth
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 6329675 | 0.160 |
| 31 | 1252929 | 0.155 |
| 54 | 3398100 | 0.150 |
| 17 | 1235844 | 0.145 |
| 29 | 1307550 | 0.140 |
| Price($) | Vol. | No. |
|---|---|---|
| 0.165 | 1126859 | 13 |
| 0.170 | 2387659 | 31 |
| 0.175 | 1439715 | 18 |
| 0.180 | 2041454 | 56 |
| 0.185 | 2079162 | 20 |
| Last trade - 11.18am 20/06/2025 (20 minute delay) ? |
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Last
16.3¢ |
Change
-0.005 ( 2.99 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 16.8¢ | 16.3¢ | 909390 | ||
| Last updated 11.35am 20/06/2025 ? | |||||
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