ARU Chart Thread, page-2562

Buyers have come to the party, it’s why this didn’t keep dropping past 16.5c and has remained relatively stable around the 19c range for the last 4 months.

With that being said though, I’ve echoed this statement many times over the last few months, nothing short of FID being finalised will send this flying past 20c, 30c etc.

You can’t deny that each announcement since March has been positive for the business, yet SP has remained hovering around 19c.

I’m confident more buyers will come to the party once FID is finalised and construction is under way. Gov Ann is a good indication of where this can go.

Why do I think we need to wait for FID? The risk on Arafura will be less for a new investor that has a stricter risk tolerance that the ones buying now.

Until then, we can hope each positive Ann sends this closer to 20c or just above it.