ARU 1.47% 17.3¢ arafura rare earths ltd

Ann: Commonwealth Government supports Nolans with US$533m package, page-49

  1. 6,410 Posts.
    lightbulb Created with Sketch. 1616
    Prefer to see new highs from last Jan Rolf + 60c.

    Appears shorts whom would have been holding around 115 million shares are trying to cap the run with several 2+ million sell side above 25.5c.

    Anyway oodles of time. This is just one of many major announcements with many more that will now flow. ARU recieved the Gov financing for clear reasons and after meeting a great deal of requirements to provide certainty. I like the 200 million ramp up facility and with over USD500 million in advanced negotiations - appears dilution will be minimal as management advised they were seeking to deliver to shareholders. BWTAH.
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.