Basket price up again, no surprise here, read the ASX report today
http://imagesignal.comsec.com.au/asxdata/20110114/pdf/01141795.pdf
Arafura Resources will be in a prime position come production time in 2013, in Steves report $1.5 billion income on rare earth REE's alone make this company a HUGE investment, especially as only 370m odd shares out there atm.
Sure will have further dilution when they raise the CAPEX funds, but nothing like the 1.75 billion shares at lynas. IMHO we will have no problems raising the necessary funds, and best of all funding will be repaid in 4 or less years.
Add the income from the other products and the total annual gross income will be rather large. Please DYOR do same really well, imho you cannot go past this sort of investment, the eventual divvies will be VERY good. Bring on Production, early 2013 would be nice.
Time will tell. Always does
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- Ann: Nolans Rare Earths Pricing Update
Ann: Nolans Rare Earths Pricing Update , page-2
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $320.3M |
Open | High | Low | Value | Volume |
13.0¢ | 13.8¢ | 12.8¢ | $1.205M | 9.165M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 110000 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 456260 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 110000 | 0.130 |
54 | 2864461 | 0.125 |
56 | 2290702 | 0.120 |
31 | 1719221 | 0.115 |
24 | 1274032 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 456260 | 12 |
0.140 | 635545 | 15 |
0.145 | 730951 | 14 |
0.150 | 3233879 | 15 |
0.155 | 603716 | 13 |
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