Anyone recently read a current dow jones news wire report dated 11-10-2012 its an article by Ross Kelly which states that Arafura is seeking to raise A$50 million from institional investors. Dr Chris Tonkin has made the announcement saying he is not looking for cornerstone investors and in fact has rebuffed offers from investors wantng to put a lot of money into the company preferring smaller investments from managed funds and hedge funds.
Sorry but cant copy and paste at this stage,
Looks like Chris isnt sitting on his hands and trying to keep things moving, hopefuly the company is successful in sounding out these investors and news flows shortly.
Ann: Capital Injection update , page-82
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