Arafura Rare Earths Ltd, page-801

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Banana1234

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18/06/24

10:01

Post #: 74364165
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Originally posted by Sharesdude: ↑

Despite me selling a chuck of my shares at 17c, I ain’t no down rammper for the sake of it so I’ll give my opinion.

I think it’s more positive than negative. Working in corporate, there’s no doubt ARU would’ve had to give strong justification as to why they needed the delay. IMO, it means FID is close or close enough to 100% that they asked for the extension.

This wouldn’t have been a case of them asking for a 1 month delay just to buy themselves time. The Gas company would’ve asked for solid reasons.

There’s also multiple reasons why, and it could be a sake of ARU just buying themselves another month. But I doubt the gas company would’ve let ARU pull that move beneath them.

Given the extension though, it has probably cause concern for several investors, hence why the SP is in free fall, even after back to back positive announcements.

In my history of the stock market, I’ve done a stop loss at break even, only to see the SP tumble from $1.60 (the price I bought and sold) down to 2.7c (saved myself a lot of losses). ZNO.

However I’ve also sold at a small loss to try and get in at a cheaper price, only to be burnt in the long run. Bought APT at $14, sold at $12, went to rebuy at $8 thinking it may drop a bit more, never repurchased and it flew to $150.

In this case, I reckon ARU can fall a bit more (10-13c) before doing a strong rebound. But it needs FID, this is something I’ve mentioned a few times.

Without FID the business can’t start its next chapter and will be controlled by the powers who have been manipulating it for some time.

Needs more buyers and believers right now to push this back up to 20c without any announcements.

Expand

Well, ive got the amount of share i needed to purchase.
Now is waiting game.

i did try to time the market/share.. ended up missing the boat.

if it does go down further and I feel comfortable to buy, I will bought a bit for trading. Sometimes, you just need to sit on it and wait. Definitely not for 20 years or 17 years

ARU Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $383.8M

Open	High	Low	Value	Volume
16.0¢	16.5¢	16.0¢	$146.4K	909.6K

Buyers (Bids)

No.	Vol.	Price($)
22	924074	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	713154	20

View Market Depth

No.	Vol.	Price($)
22	924074	0.160
115	5740883	0.155
89	3115059	0.150
28	1221669	0.145
22	3121154	0.140

Price($)	Vol.	No.
0.165	713154	20
0.170	1540918	25
0.175	689463	15
0.180	982888	23
0.185	605002	15

Last trade - 16.10pm 26/08/2024 (20 minute delay)

ARU (ASX) Chart

Arafura Rare Earths Ltd, page-801

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Arafura Rare Earths Ltd, page-801

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