ARU (ASX) CEO response to misinformation

Originally posted by chokdee: ↑

Yes naive was I to think the bosses letter would calm things down. Maybe we'll ask for a royal commission.

You see Birch I called a lot of this same - way early than you guys - I agree 100% with majority of what your group state - have contributed much and even could add some more. But I saw this a long time ago - way back when Gina and other arrived and made many postings on it and decided I would make good on it. Can't beat them join them.
Because the way I saw it - see it - it is a very crooked world - especially that of the finance world. As we are all aware there is a great deal the Gina's and Insto's are privy to and past and current they know exactly what's progressing - with whom and when - so I took the view if they're happy I'm happy - as opposed to the turmoil and SP destruction if either Gina or other Insto's sold off - after a process of anger - distrust - corruption - blatant lies - this is the world of high stakes money and graft allowed by regulators and those involved know such - I was to get out or follow the money - I chose the latter.

It's ruthless and widespread in financial world and the buck just gets passed around and the blame game. Look at this letter and the reference to share holder destruction. It is the company 100% that has manipulated the sp destruction for many reasons discussed - not a group of pissed off share holders looking for accountability from management. I am not interested in the past and yes even we get things wrong with assumptions - allegations and turn it into a witch hunt that will have zero net positive outcome - nothing has changed nor will it (of all the noise what exactly is your expectation - that people will resign - take a hair cut with$$ - might even provide some transparency) - the only outcome I am interested is that the terms of equity components are favorable - FID announced asap and we get on with construction and deliver on time and budget - big ask. But for now there is much we do not know - we will soon and I'm very comfortable that now "they" all and sundry have their bags full - when "they" release critical equity from basket 1 - off take partners it will be quiet positive as will the SP over coming years and I am currently losing no sleep over - well I wish I had more powder - ridiculous low sp for advanced critical shovel ready project.

Nolan's is critical - look at Japan veil threats from China over hi tech semi conductors - look at Bangkok Post today re Malaysia's Anwar 2 day visit sucking up to Putin and talking semi conductors as Malaysia is now joining BRICS - where's that leave future of Lynas who CEO Lacaze just commented yesterday on Australian's misunderstanding of Asian business etc - she may well be getting a little anxious and history could well repeat. Nolan's is the most strategic - important RE - mine to oxide project globally. Disgusting it is after key debt closure management have trashed the sp - but it will change very soon - pretty sure they have all parties/Insto's catered for now and they can move ahead with equity closure in next few months - or at least basket 1 followed by Insto/retail basket 2 early 2025.

Many things resonated with me back when G arrived and post such. But one thing stood out - when Gavin stated on arrival as major holder - that commitment would be until financial close. That told me there was going to be considerable time and a whole lot of shenanigans and massages. Of course later it also became obvious it knew of Aus Gov pending substantial debt facilities and other key off takers etc etc and could use the time to her advantage - plenty of time actually. Lending to shorts is not the caper - could have just left 60 million in term deposit with other billions - in my view no it was held by an insto that we see number 1 in top 20 whom traded and accumulated on behalf in other entities and continues today - for a little longer.

Why is there zero buying pressure today? well past year and 9 months really. Because no other genuine institution is going to buy in with the past/current state of play and they can see such - only those that are aligned to ARU management are currently in. When the equity is closed out on favorable terms - de risking is substantially reduced and this relentless sp manipulation ceases - it is only then in my view we will see a return to normal trading - for now we have another couple of months I could suggest - created again by management from this copybook recent SPP used twice now and of course the now extensive wait for equity closure providing more time for sp manipulation - accumulation that most thought was very well advanced - but low and hold they had another story for that - even though for 2 years they have advised the market there is around 80% whatever excess off take demand - which one would have concluded by time of debt closure - equity closure would be a formality - oh yes and that incredible substantial amount US717 targeted - out of the blue to retail holders and the shudders of huge dilution that appear to go with such - time will tell.

What is going to be catalyst to minimize dilution? Is there a catalyst? Who? They know. It has to be in the form of bucket 1 - off take for equity at a far greater sp than we are considering - given the 80% whatever it was excess in off take demand. Maybe there is no catalyst and we are diluted to hell - only those on the board and Insto's - financiers involved know. One things for sure we will have a substantial SOI and that can make for some substantial trading volumes and price movements. We all have our own strategy when the time comes - past 1 year and 9 months - 2 years will be a distant memory - actually replaced by a new positive one and I don't care who has how many shares - board - Gina - insto's - retail - the only thing that matters is my lot.

The market is controlled - gives what it gives - get on board with it - trade it - take it - or miss out.

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You made this point many times, we understand your view. If you don’t like unfair practices, then as you have started in the past, for us to get out.

Well, that’s not your call nor Darryl’s, and no, I don’t like unfair practices, nor will turn a blind eye, so will stay in and will support.

Unfair practices was left behind when unregulated in the 80’s.. So maybe it’s time for unfair practices to get out.

Ask the Royal commission into the banking sector what they said about remuneration packages that don’t align with shareholder value.

Handing back 120m shares to shorters (indirectly), was never a good look.

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