Ann: Arafura launches A$20m placement and A$7m SPP, page-157

Were they talking FID in 1997, or 2010. Again it comes back to picking the right moment. I have said to a few over the last couple of years I’m done with small caps until I see DFS and/or FID, or even production as I to am over the games played with anything in between.
I don’t think you’re naive to think these type of investments are easy, so again I bring it back to picking your moment and dissect the risk. Yeah it shit when timelines push out and especially F***ed when management take you for a ride and I’m well rehearsed on that issue, however, a new BoD was brought in to make sure this project is seen through and against popular belief of the current gov, they also see something in this project. The ride can be tough at times and sometimes a gem can be found and that started for me with FMG and I think ARU can join the party. IMO of course.