ARU 2.86% 18.0¢ arafura rare earths ltd

General Discussion, page-482

  1. 892 Posts.
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    Good find @tradesido

    Let these quotes from the MD sink in smile.png:

    About Hyundai-Kia offtake: “I think we’re the only rare earths project that I know of globally that has publicly announced a binding offtake agreement with a Tier-1 motor vehicle manufacturer, so I think that’s a really positive sign of the quality of our project and the fact that our product is in great need.”

    About Gina: “Our discussions with them have been around simply (them) as a financial investor,” he said. “But certainly, they do have a great deal of experience in terms of large project execution. So me personally would certainly be looking to draw on that expertise if the opportunity arose.”

    About FID: “I think the fact that we’re doing on-ground work as we speak, and we’re starting to commit to long-lead items, I would personally say that we’ve gone through FID without actually declaring as such.”

    About financing: “We would target having all our lending package – the debt and the equity – nicely bound up by about the middle of the year. And then we’d be going into full blown construction by around Q3 this year.”
    Last edited by spendthrift: 17/03/23
 
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