Hi Tricia, you best stick to the game you know best, ie seems REE's and REO's out of your league, ADY not in Arafura's league, and subject to a T/O ha ha, see post follows from ADY thread
Quote
" ADY is not going to be taken over because the top 20 shareholders do not want that.
Merrill Lynch must tell the ASX if they get over 21% of ADY what they are going to do EG a take over bit or what.
So far they only have 8.5% of ADY shares and every time they buy more they must tell the ASX.
So by the time they get to 21% the sp will be over $1 plus and the demerger will be must closer.
Any way if the share holders keep on selling ADY shares cheap it is only the share holders fault.
Keith"
Unquote
Kalmsgie and a few of us have been with ARU/ARUO for over a couple of years, we have done our home work, ie DYOR Tricia, and please do it well. Arafura have the goods, and only the market has seen it go backwards along with many others, on the ASX, including an old favourite CMR now back some 60% + on its highs in 2007.
Arafura has always been a long term hold, nothing has really changed, PATIENCE is a virtue, not too many investors have that as can be seen on all HC threads. Bring on production 2010, the world will be waiting for Arafura's products.
Time will tell. Always does
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27 | 1260899 | 0.160 |
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80 | 2446709 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
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0.185 | 1184776 | 17 |
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