ARU 0.00% 17.0¢ arafura rare earths ltd

Ann: Quarterly Activities Report and Appendix 5B, page-18

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  1. 2,674 Posts.
    lightbulb Created with Sketch. 1861
    No, capital raise was for funds in event timelines were not met.

    If time guidance is met, then we have excess funds. So the supplementary idea says what?

    It says, we now can add value and much value with these funds.

    The capital raise was needed to protect cashflow in event there was future delay. Once we are clear of this delay, we now look to increase the SP with added demand. Demand goes through the roof with announcements and a buyback of 100-200m shares on market, and so does the SP!

    But, sounds like you don’t like the SP going up? Any reason?
    Last edited by Birchcorp: 25/01/24
 
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