ARU 0.00% 17.5¢ arafura rare earths ltd

Ann: 2023 Annual Report, page-33

  1. 2,371 Posts.
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    The ASX requires disclosures for any change in 1% holding up or down once you are over 5%. So we will know if Gina is accumulating or disposing.

    I would say given her strategically requested 10.01% holding she is here for a while. Ie this 10% holding somewhat restricts any other entity making a take over offer. Ie you need 90% or above. It looks as though she is protecting her position in ARU, for the future. Suggesting, she doesn’t want to miss out on this opportunity.

    As a positive for us retail investors: Therefore she has a blocking holding, that’s a form of protection for us against other entities stealing this opportunity.
    Last edited by Birchcorp: 18/08/23
 
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