Ann: Becoming a substantial holder , page-14

Arafura needs a lot of cash, ($70 mill right now, then $1 bill this time next year). My point being if they thought the NUP share price was going places, and they have some very close ties, they would have held for the good times.

Would the fact that ARU, if they ever get Nolans up and running, will be producing around 80,000 tonnes of P2O5 annually have affected their decision?

TCG