Arafura Rare Earths Ltd, page-1191

I've read this numerous times now, and Aru's required capital expenditure has risen dramatically...

Bell Potter dated, 26-7-24
Arafura Rare Earths has secured total debt support of US$1,055m comprising conditional support for up to US$775m in senior debt, a further US$80 of cost overrun facilities, and US$200m in standby liquidity, explains Bell Potter.

The analysts point out management's focus is now on securing US$793m in equity financing to finance development of the Nolans project

The Speculative Hold rating is retained, and the broker's target is reduced to 17c from 19c due to a $20m placement at 16cps and management's revised project economics for Nolans.