ARU 0.00% 19.5¢ arafura rare earths ltd

Ann: Arafura Launches A$20m placement and A$10m SPP, page-89

  1. 456 Posts.
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    As a holder of ARU as of a few days ago, can anyone justify why ARU's MC @16c compared to its peers? While I'm obviously biased given my statement being on the American Rare Earths train, ARU seems to be overpriced even at todays price point even at this so called advanced stage of development that's been chugging along ad infinitum with respect to ARR and even MEI. I understand ARU to be a lifestyle company with 20% upside from my buy in @ 17c, in the short ish term, and a high likelihood of a takeover offer in the $500m range. Why invest in ARU LT when historically it hasn't boded well, what am I failing to see here?
 
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