Australia's largest stock trading and investment forum Australia's #1 stock forum

ARU

Click for more information

3.13%

16.5¢ arafura rare earths ltd

Basically to keep company afloat. Simple

First 129 Last

Share
Profile

Follow
Banana1234

723 Posts.

59

25/07/24

12:45

Post #: 74912816
Share

Originally posted by Birchcorp: ↑

Sorry, I may not have phrased that well.

When your a listed company, you have to have certain amount of cash to cover liabilities. Given the time taken to finalise contracts and raise the cash from the investors. After negotiating the terms etc. would be 6 weeks, we would be running awfully close to running into trouble with regulators.

Would be investors would not invest in a company that has this issue. So need to completely remove that issue from the table.

ARU now walks into the room, saying we are fully funded until August next year, so let’s negotiate. No pressure, and no doubts.

I think we all as investors have the eyebrow raised, mine must have been in top of my head this morning. But, all makes sense when I digested the information coupled with what we already know.

FYI: Gina is being supportive. You may have seen her play in LYC this morning. She maintains full holdings with ARU, and my gut feeling is plenty more.

Expand

Basically to keep company afloat.
Simple

ARU Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

EBR

EBR reaches review milestone for wireless cardiac pacing device

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

There are more pages in this discussion • 127 more messages in this thread...

First 129 Last

Add ARU (ASX) to my watchlist

(20min delay)
Last 16.5¢		Change 0.005(3.13%)		Mkt cap ! $395.8M

Open	High	Low	Value	Volume
16.0¢	16.5¢	15.8¢	$496.5K	3.086M

Buyers (Bids)

No.	Vol.	Price($)
21	942705	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	1299285	24

View Market Depth

No.	Vol.	Price($)
21	942705	0.160
127	6809821	0.155
88	3081402	0.150
24	1053773	0.145
22	3128454	0.140

Price($)	Vol.	No.
0.165	1299285	24
0.170	1277607	27
0.175	563913	13
0.180	941490	22
0.185	717072	16

Last trade - 16.10pm 29/08/2024 (20 minute delay)

ARU (ASX) Chart