ARU 0.00% 17.5¢ arafura rare earths ltd

Final Investment Decision (FID) should happen in December,...

  1. 317 Posts.
    lightbulb Created with Sketch. 160
    Final Investment Decision (FID) should happen in December, following signed Offtake agreements with Hyundai, GE renewables and likely two other OTs along with Lead Managers scoring us Commercial Funding for $250-300mil and Foreign ECAs (Korea,USA+/-Japan,Europe) guaranteeing another $400mil should guarantee a start of the mine/plant (chemistry lab !!) in early 2023. Other infrastructure (roads,etc) are basically already underway, with tenders coming in already, ready for start any week now. DFS Mark 3 might make an appearance by March-May 2023, with basically better/more accurate costings as well as likely better pricing (OTs with fixed pricing will give ARU a better idea of likely revenue in 2025+)
    Lead Managers are working hard but the word is there is still some way to go........... DYOR.
    Addit: sold 3% of my holding today at 0.335 I was away for a few hrs this afternoon and forgot I put the order in late Friday after the ASX300 announcement....forgot to pull it this morning. Will attempt to buy back if there is a pullback... (annoyed with myself)
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
0.000(0.00%)
Mkt cap ! $404.3M
Open High Low Value Volume
17.5¢ 18.0¢ 17.3¢ $624.4K 3.553M

Buyers (Bids)

No. Vol. Price($)
3 209908 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 809563 23
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.