Ann: Arafura launches A$20m placement and A$7m SPP, page-141

Liabilities kitty would be inclusive of enough financing to return site to previous natural state.

I am enjoying Institutions doing the heavy lifting. Sure at a discount however no one was complaining when they tipped in 121 million at 37c to advance - keep us going and do early site works.
Nor do I hear those instos complaints of wtf did you management do with all our millions - and now you want more from us - no we don't.

Because unlike retail they have every detail and if they continue investing - accumulating on what inside advanced knowledge they have then I am a frustrated but happy long term holder. Without Institutions companies have nothing a latter stages towards project developments. Yes companies bleed retail in early years in absence of instos whom will only arrive when major derisking has occurred - which we will see and fully appreciate soon. In the meantime a little top up - massage to the important early instos for a cash secure hit is the way it is.
I would be extremely concerned if they had divested or were no longer looking to continue to support ARU however that clearly is not the case - why - because they know what is ahead and clearly not only with ARU as evidenced by strategic and growing stakes in other RE miners and potentials.

Dam unfortunately out of powder - with only equity remaining ridiculous low sp.