Rather than speculating further, I went straight to source to clarify the requirement. ARU response below.This raise was to make sure that we had runway well past the final equity raise so that investors aren’t worried about our funding when we are engaging them. This is all setting ourselves up to pull off the final equity.
We cant use the full $42M as have to keep a provision that covers our liabilities.
As you know, we have halved our cash flow and this will remain the case. Any funds not used from this raise (which we expect to be the majority), will go into building the project.
- Forums
- ASX - By Stock
- ARU
- Ann: Arafura launches A$20m placement and A$7m SPP
Ann: Arafura launches A$20m placement and A$7m SPP, page-22
-
- There are more pages in this discussion • 223 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Add ARU (ASX) to my watchlist
|
|||||
Last
16.8¢ |
Change
-0.003(1.47%) |
Mkt cap ! $401.8M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.5¢ | $203.1K | 1.198M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
76 | 3572421 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 585771 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
74 | 3542420 | 0.165 |
93 | 4194771 | 0.160 |
48 | 4434552 | 0.155 |
63 | 3937077 | 0.150 |
24 | 1561287 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 585771 | 16 |
0.175 | 985229 | 19 |
0.180 | 1975135 | 27 |
0.185 | 1004101 | 17 |
0.190 | 1150921 | 20 |
Last trade - 10.52am 02/08/2024 (20 minute delay) ? |
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
ARU (ASX) Chart |