OK so things might just be looking a bit more positive. Stephen...

OK so things might just be looking a bit more positive. Stephen Copulos has done a similar thing with NRU now CZL back around 2015 and continues to hold as well as topped up along the way and now holds 30% + in CZL.
I also find this paragraph interesting and encouraging.
The Placement will see prominent mining investor
Mr Stephen Copulos become a substantial shareholder in the Company through a
cornerstone $700,000 commitment in the Placement. As part of the Placement, associates
of Aruma directors have committed to participate in the second tranche of the Placement,
This time around we don't have any mention of sophisticated investors only a corner stone investor and associates of directors. Could be money for mates or hopefully the placement went to sticky hands.
Anyway i can see this hitting 1 c easy then the options will be in the money. Then hopefully we don't see a massive dump. GLTA.