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14.0¢ arafura rare earths ltd

Ann: Arafura launches A$20m placement and A$7m SPP, page-133

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spendthrift

910 Posts.

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25/07/24

14:20

Post #: 74914953
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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.

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@Birchcorp, did you get a feel for why ARU's "cash liquidity buffer" needs to be $25m and not, say, $15m?

Also, I still see no evidence for movement on the phosphoric acid offtake front. 145,000 tpa needs to find a home!

ARU Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $345.0M

Open	High	Low	Value	Volume
14.0¢	14.3¢	13.5¢	$597.8K	4.276M

Buyers (Bids)

No.	Vol.	Price($)
39	2312280	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	369909	8

View Market Depth

No.	Vol.	Price($)
38	2261260	0.135
37	2121713	0.130
21	1691055	0.125
30	1144280	0.120
15	721660	0.115

Price($)	Vol.	No.
0.140	369909	8
0.145	853292	9
0.150	2818391	12
0.155	531597	8
0.160	945643	17

Last trade - 16.10pm 07/11/2024 (20 minute delay)

ARU (ASX) Chart