ARU 0.00% 16.0¢ arafura rare earths ltd

gap at 28 will probably be closed, page-11

  1. 1,258 Posts.
    Probable news in 2009...

    "Arafura Resources, a W.A. based mining and exploration company today announced the first full year production results from Nolans Bore world class deposit. The Cash Flow from operations exceeded 120m A$ and beats the scheduled 100m A$ cash-flow projection. "We are very pleased with the progress at Nolans Bore and looking forward to another increase in cash-flow to about 150m A$ for 2010" commented CEO Mr. Alistair. Further developments at the Lagoon Creek property includes the positive outcome of a bankable feasibility study that reveals a resouce estimate of 50m lb uraniumoxide at high grades. Arafura holds a 40% stake in this project.

    The shareprice today rose from 0,26$ to 0,285$ in early trading."

    See ya

    Lenni
 
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