ARU 2.94% 17.5¢ arafura rare earths ltd

Well this is the second time in the last 8 years that Arafura...

  1. 45 Posts.
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    Well this is the second time in the last 8 years that Arafura has gone out with a DFS in the hopes of obtaining project financing on a massive scale.  Still questioned why there wasnt a more modular solution to selling concentrae with a lower upfront price tag.  it will be boom or bust pretty soon. Arafura has always had a significant burn rate and it is amazing what management has been paid for a company that has never had any operations in its 37 year history and 16 years on the exchange.  Just a remarkable run of expenditure based on shareholder funding of white collar non-operative personnel.
 
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