ann out, page-12

Hey roget, you have hit the nail on the head, LYC have around 508 million shares on issue already 502,057,164 FPO and 6,270,000 unlisted employee options so capital raising as you point out will add a LARGE NUMBER of ISSUED SHARES fully diluted to that company.

Arafura in comparison has a much larger resource and shares issued are 121,825,470 FPO, 13,365,513 ordinary Options @ 13c and 6,650,000 employee options, so fully diluted are far better off, ie LYC have 3 times the ARU share base.

Then, considering cash on hand, income from other sources, gold etc, and they will of course pay a lot of the capital costs for Nolans Bore from the sale of side benefits, ie the Uranium and later on the Phosphates.

DYOR and do it very well, you will be pleasantly surprised at the position Arafura's shareholders are in with so much upside coming. This Trading Halt is just the beginning people.

Bring on production 2008/2009/2010, the next few years will be very interesting.

Time will tell. Always does