Ann: Arafura launches A$20m placement and A$7m SPP, page-125

Usually there’s legit reasons: Example growing pipeline and requiring capital to build out inventory to support future sales.

I’m sure there’s a reason, and I want to believe it’s for the reasons they started, but 27 million to convince entities to invest more?

Surely a large investor would see past a measly 27 million dollars and look at the bigger picture? If it was 100-200 million, fair enough.

I dunno, maybe someone can challenge my view? I’m a long term believe but just struggling to wrap my head around their justification.

Perhaps they needed something on the table in terms of equity just to get the ball rolling, and 27 million was enough to do it without cooking Shareholders even more.

But again, I think a legit concern is they themselves even highlighted this could extend to mid 2025. Fact that they think that, can cause doubt.

Id rather they doubled down on their comment in the quarterly the other day around FID being finalised by end of 2024.

Instead 24hrs later they are slightly wishy washy and stating maybe 2025 now.