ARU 0.00% 15.5¢ arafura rare earths ltd

Ann: Extension to SPP Closing Date, page-3

  1. 831 Posts.
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    Did the Board do this because the share price has remained low and under the SPP pricing calculation the new shares could be issued at around 6.25 cents - too good a deal for shareholders! Only real reason I can think of as they did say the takeup response has been "extremely positive". If so positive and 3 days to go why extend?
 
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