ARU

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13.0¢ arafura rare earths ltd

Ann: Share Placement Raises A$3m, page-36

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ausheds

19,587 Posts.

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26/04/19

15:19

Post #: 38278519
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Originally posted by jaluma ↑

Come on @ausheds, why not look at the most relevant history, which is that capital raising immediately preceding this one to understand the current ability of management to raise capital this time. That is the only real way to judge the recent placement.

ARU raised money in December last year with an OVERSUBSCRIBED SPP prior to the DFS being released that raised $3m, which was also combined with a $1m placement (so $4m in total). This was done at a 20% discount and again was OVERSUBSCRIBED by shareholders and supported through a placement, with no visibility into the DFS results.

But after a much anticipated DFS was released and viewed as having positive results by the market, along with corporate action from WES with LYC, along with a strong rise in the share price, they then offered sophisticated investors (Funds and Brokers only) a 30% discount, which has then not surprisingly led to the weak hands (gee I wonder who that could be?) dumping their shares on market for a quick profit.

Maybe Management will realise off the back of this that they need to seek better counsel than their current advisor/broker around capital raising's.

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Fair enough, my bad, I should have checked before banging away at the keyboard.

ARU Price at posting: 5.1¢ Sentiment: None Disclosure: Not Held
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Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $320.3M

Open	High	Low	Value	Volume
13.0¢	13.5¢	12.5¢	$411.5K	3.150M

Buyers (Bids)

No.	Vol.	Price($)
54	2891858	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	170510	5

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No.	Vol.	Price($)
54	2891858	0.125
61	2620063	0.120
32	1811777	0.115
27	1339032	0.110
10	986001	0.105

Price($)	Vol.	No.
0.130	170510	5
0.135	791422	13
0.140	866801	13
0.145	806161	17
0.150	2241810	13

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