ARU 2.70% 19.0¢ arafura rare earths ltd

aru takeover, page-11

  1. 317 Posts.
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    I agree Poohbear, but have been keen to hear positive news from management and really had a May deadline in my mind as to when a funding announcement needs to be made by. Otherwise this SP will likely tank back to 0.10 by midyear. I see the upside to around 0.50-0.60 with initial low/no interest funding and likely "partners" being funded with convertible notes around the 0.40-0.50 mark. ARU can become a billion$ cap (approx 1.00) if all goes well with infrastructure development and all offtakes holding up, and even higher if further exploration reveals higher mineralisation/larger resource. Here's to hoping, for me June marks 10 years of holding ARU, and at 0.17 a pretty decent profit as I've bought at every SPP whatever I could.
 
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