ARU 1.47% 16.8¢ arafura rare earths ltd

Ann: Arafura launches A$20m placement and A$7m SPP, page-19

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    In the quarterly announcement yesterday they wrote (copy and pasted): "The Company will continue to advance its offtake and equity strategies towards a final investment decision (FID) by the end of 2024".

    Given that was written 24hrs ago, one can assume 2024 is still on their agenda? I know CR's always have a bad rep. However, given the speed in which this CR was announced, I'd argue they are striking while the iron is hot and looking to have everything finalised ASAP.

    Thoughts? Just trying to read between the lines here.

    Last edited by Sharesdude: 24/07/24
 
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