ARU 3.13% 16.5¢ arafura rare earths ltd

As a holder of ARU as of a few days ago, can anyone justify why...

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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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Last
16.5¢
Change
0.005(3.13%)
Mkt cap ! $395.8M
Open High Low Value Volume
16.0¢ 16.5¢ 16.0¢ $317.2K 1.960M

Buyers (Bids)

No. Vol. Price($)
4 70837 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 1577767 43
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Last trade - 16.10pm 03/09/2024 (20 minute delay) ?
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