Ann: Arafura launches A$20m placement and A$7m SPP, page-28

I'm a long as well. I have however been holding since early this year. I can't imagine how it's been for people holding for 10 or 20 years.

I'm all for management forecasting when the Final Investment Decision (FID) will be finalised. The issue is, if it keeps getting delayed, investor trust will be eroded.

Also, how long are the Koreans, Germans, and Canadians willing to wait? They have businesses to run and won't wait on ARU for the next 10 years to start construction. There are plenty of competitors out there in the world moving into Rare Earths.

I believe ARU is very well aware of this and realises they aren't a charity for these entities to just hold hands and wait forever. Taking also into consideration the strategic importance Rare Earths have for these entities reaching net zero, building electric vehicles, etc.

Time is of the essence, and I believe management know this.