Ann: Arafura launches A$20m placement and A$7m SPP, page-154

Agreed man, only issue I see here is that this startup has been going on for more than 20 years. Arafura was founded in 1997.

I get building a mine is an incredibly complex process, and I’m by no means an expert in the matter. However, with the power of the internet one can view the history of the company and the over promises its made regarding the timelines.

Below is taken from an article in 2010, where they did a capital raise at 62c, with @crazybull favourite term ‘sophisticated investors’.

Start:
“The company is targeting production of 20,000 tonnes of rare earth oxide per annum from 2013

Mr Ward said all the company's plans were geared towards production of Rare Earth Oxides from 2013, with production capability of 20,000 tonnes per annum.

Arafura is ideally placed to supply Rare Earth users all around the globe as demand increases," Mr Ward said

It is likely that there will be relatively few new projects that will come into production in the next three to five years; Nolans is one of them.“
End


I’ll wait with you all, but how long is long term? 2013 to 2024 is 9 years, yet nothings happened.

If we are closer than ever, as management have stated, then I think it’s time they give concrete timelines, rather than switching it up within 24hrs (as shown in my previous post).

I want us all to win.