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ARU

2.94%

17.5¢ arafura rare earths ltd

Cheers Birch. Keep up the good work.

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Pelicanwest

547 Posts.

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14/11/23

07:26

Post #: 70880469
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Originally posted by Birchcorp: ↑

I just spoke with ARU:

*They were very professional and careful not to overstep any boundaries-that was obvious.
*The shorting they confirmed was definitely not Hancock.
*They believe it is small super funds/index funds who are loaning out shares for extra income. Therefore dump your sad ars*d industry funds.
*They are confident but notably reserved in saying that newsflow will support the SP and have the shorters scrambling.
*Offtakes to roll first.
*They believed ECE exit didn’t help, those shorting the market. They tried for an off market sale. But ECE thought they would get a better price on market. They were wrong.
*They discussed Pilbara Minerals and similarities with shorting. Also, how they had a complete turn around from 2019. My view: is that’s our yardstick…
* RE-iterated the US$775M loans as per recent quarterly… aiming to deliver. So that’s $1.2B Aussie from my conversion. And with $100M already spent… that’s not as much to raise as I first calculated.
*The key person I spoke with supported another capital raise with another mining company much larger than ARU is after. Now, he also mentioned it took just as long. So, it sounds all on track from an experienced campaigner. Personally the time it has taken was what I believed about two years ago as well.
*I will drop them a line in about a month, December and give an update again.

I hope this helps to remove some anxiety for long termers…good luck folks!!

and for those shorters. You know what I think about you - in other words - do your own research I’m not giving you anything.

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Cheers Birch. Keep up the good work.

ARU Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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First 1973 Last

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(20min delay)
Last 17.5¢		Change 0.005(2.94%)		Mkt cap ! $431.2M

Open	High	Low	Value	Volume
17.0¢	17.5¢	16.5¢	$751.9K	4.389M

Buyers (Bids)

No.	Vol.	Price($)
10	519867	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	3104135	19

View Market Depth

No.	Vol.	Price($)
8	388267	0.170
11	353777	0.165
27	1115823	0.160
21	1765211	0.155
87	2842516	0.150

Price($)	Vol.	No.
0.175	356365	12
0.180	1606578	23
0.185	542235	10
0.190	444291	9
0.195	513495	14

Last trade - 16.10pm 27/09/2024 (20 minute delay)

ARU (ASX) Chart

Cheers Birch. Keep up the good work.

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Cheers Birch. Keep up the good work.

Top Stories

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The market's shrugged at China's stimulus measures all year. Why is this one different?

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Sellers (Offers)

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