ARU 2.63% 18.5¢ arafura rare earths ltd

Gidday,New holder from last Friday, and not too familiar with...

  1. 482 Posts.
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    Gidday,

    New holder from last Friday, and not too familiar with the name, though I'd make the following comment in addition to what BBB posted:

    1. ASX300 tracked assets are a fraction of those tracked by the ASX200. I'd say if you include swaps etc it's probably 1/10th of ASX200 assets.
    2. I think you are spot on re: holders and not being included in the free float
    3. That pullback Friday looked like prepositioning selling i.e., those who expected it in realising that it wasn't going to happen, that would be s/t holders and event driven funds prepositioning to sell into those IM's who track passively track the ASX200 and need to buy to get to index weight.

    Cheers
 
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