Speculate perhaps another key Insto introduced ith this recent SPP. - cash top up. Appears to me they had an additional key Insto willing to commit immediately on debt financing closure.
Retract my 14c low comment yesterday - I based such on short position decline prior to equity close/FID and continued manipulation to accommodate such - the increase on sell side yesterday was noticeable - speculate again they are hustling to reduce their short positions (especially if less equity/dilution on that West Aus article suggests). History shows post lousy CR's/SPP's - once settled over following 6 weeks share prices trend back positive. Plenty of reasons to remain optimistic equity closure EOY and FID announcement.
Ann: Arafura launches A$20m placement and A$7m SPP, page-263
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $332.6M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $286.9K | 2.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1346712 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 698104 | 16 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| ARU (ASX) Chart |