ARU 0.00% 19.5¢ arafura rare earths ltd

Short Sales - Here is the latest look through, page-311

  1. 374 Posts.
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    OMG 5.341M shares shorted yesterday, that is a record, you only sell to buy lower so these grubs have some sort of strategy to get in lower still.

    They may want all 72M of oppies to lapse which in turn robs the company of 25M into the coffers. One starts to think more sinister reasons behind this tactic, you would think the ASX would have some interest but I think I am kidding myself. Birch, when you speak to management in December it might of interest to see what they think of 25M not coming their way in Feb. I know we are hoping for announcements to counteract the current sad state of affairs, but Feb will be here before we know it and without appropriate news the 25M will simply not eventuate. Many people have bought these oppies anywhere between 1 cent and 35 cents so can't imagine any of them being too thrilled with the delays in closing funding/offtakes.

    At this very month last year they hoped to close out finance in July this year. The implementation schedule shows it is now March 2024.

    First production has slipped to December 2026, out from August 2025 which is now some 16 months later than expected at this time last year?? In a number of respects no wonder we are a shorters dream. Management really haven't elaborated in detail as to the reason "why" the timeframes have blown out. They always qualify themselves that everything is subject to funding but how far out can or should you be? I get it's a big project but it's time to deliver.

    The flow on effects of not delivering on time frames really does effect the business financially. The oppies are designed to be closed out and put the money into the business. That will be a big fail shortly and no end of excuses takes that fact away. Why go through a process that costs money to set up, only for it to not eventuate??

    I love everything about the potential of this project as does the majority of people on this sight but management have to deliver at some stage, and that is right about now, as mentioned at the start no company that is not in production can absorb shorts all day every day and the 5M yesterday is a number that just can't be ignored.

 
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