Ann: Arafura launches A$20m placement and A$7m SPP, page-189

I still think there is heaps of time to get set. the shorters do to. the big dog that has not negotiated his performance shares does aswell.
the share price is still pointing down.

thanks chatgpt... and I am too lazy to look up the name of the other poster that does the same. but thanks to them.


Cornerstone investors typically invest in a company during its initial public offering (IPO) or another major fundraising round. They often purchase large blocks of shares at a discounted price compared to the IPO price or the market price at the time of the investment. This discount is a reward for committing substantial funds to the company and providing stability to the share price post-IPO. Therefore, cornerstone investors generally do not pay premiums; instead, they typically receive shares at a lower price than what the shares are initially offered to the public or the prevailing market price.