ARU 2.70% 19.0¢ arafura rare earths ltd

Short Sales - Here is the latest look through, page-92

  1. 14 Posts.
    lightbulb Created with Sketch. 1
    the shorters are making the bet that the Board and management won't be able to get the deals done in a timely fashion. on one hand it looks like a crazy bet, with news due to drop at any time why would you short this stock? but on the other hand they have had a memorandum of understanding with GE that hasn't progressed, and the issue that until they can wrap up the binding off take deals the finance is basically at a standstill. In the annual report today I see the chairman has commented that he hopes that FID will be ready by end of financial year, it doesn't fill me with a lot of hope that it will be done by the end of 2024 to be honest. I would like to see management focus solely on getting the final offtakes finalised in the next month before the shorters push the share price down the toilet.
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
0.005(2.70%)
Mkt cap ! $438.9M
Open High Low Value Volume
18.5¢ 19.0¢ 18.0¢ $570.5K 3.049M

Buyers (Bids)

No. Vol. Price($)
7 278363 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 1155850 16
View Market Depth
Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.