... "The Company is targeting a substantial portion of the equity requirement via cornerstone investors ahead of launching a public equity raising with institutions and retail investors."...
and
Arafura’s Managing Director Darryl Cuzzubbo said:
... " The standby liquidity facility of US$200 million as part of the Government finance package is a remarkable achievement as it provides a buffer in the event of a cost and schedule overrun through ramp up. We have no intention of using it as we are committed to our cost and schedule, but it provides completion support security for our other lenders, investors and offtake partners.
... " I look forward to updating the market when we reach equity milestones in the coming months. I am very pleased with how our plans are unfolding. The strong relationships we have developed puts us in good stead to prioritise quality customer and industry cornerstone investment."
That's when the shorting will (probably) cease!
I'm fairly certain this is their strategy ... why would the instos let the SP run BEFORE they cornerstoned the capital to get going?
(20min delay)