ARU 0.00% 16.0¢ arafura rare earths ltd

you mean to the shorters. Notice the exact day of capital raise...

  1. 2,543 Posts.
    lightbulb Created with Sketch. 1700
    you mean to the shorters. Notice the exact day of capital raise and return of shares.

    https://hotcopper.com.au/data/attachments/6413/6413934-b4a15f18e3b8c42b528873390aacf0b3.jpg

    FyI: my post on LinkedIn that they keep removing…

    Can you confirm if Canaccord Genuity, mentioned in an ASX announcement cutting Arafura's price target by 38%, is the same firm handling ARU capital raise? I’m concerned about the $1M fees ARU paying them, seemingly benefiting their institutional clients who short-sell our shares and receive free options while existing shareholders are sidelined.

    Why would ARU choose Canaccord if their actions don't align with shareholder interests?In your 2024 report, you wrote highly credentialed, Canaccord, as lead managers. Given Canaccord's downgrade, how does this benefit ARU, if these guys are also supposed to attract capital. I'm also concerned about the impact of ARU travel to guest speak around the country rather than focus on crucial equity discussions. With less than 126 days left in the year, are we at risk of another failed timeline and emergency capital raise?

    Lastly, could you clarify how a lower SP, and subsequent uptake of equity by management and incoming partners is not at odds with with existing shareholder value?

    Last edited by Birchcorp: Yesterday, 22:42
 
watchlist Created with Sketch. Add ARU (ASX) to my watchlist
(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¢ $194.5K 1.207M

Buyers (Bids)

No. Vol. Price($)
30 733050 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 743591 21
View Market Depth
Last trade - 16.10pm 27/08/2024 (20 minute delay) ?
ARU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.