I've read this numerous times now, and Aru's required capital expenditure has risen dramatically...
Bell Potter dated, 26-7-24
Arafura Rare Earths has secured total debt support of US$1,055m comprising conditional support for up to US$775m in senior debt, a further US$80 of cost overrun facilities, and US$200m in standby liquidity, explains Bell Potter.
The analysts point out management's focus is now on securing US$793m in equity financing to finance development of the Nolans project
The Speculative Hold rating is retained, and the broker's target is reduced to 17c from 19c due to a $20m placement at 16cps and management's revised project economics for Nolans.
I've read this numerous times now, and Aru's required capital...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $345.0M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $290.0K | 2.097M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 1872612 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 584726 | 14 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| ARU (ASX) Chart |