Tom Parker therefore has a lot to answer for....
I have no doubt at all ARU will achieve 100% funding, as other posters have stated, they are 70-80% of the way with Govt backed funding (non-binding at this point, and ARU could score more NAIF funding if needed). The rest will come from commercial funders (like Fortescue did, and paid them all back handsomely within 8-10 years), and of course Shareholders will be asked to put up capital probably in late 2024/early2025, and I bet not at a SP lower than GR/HP paid at last CR.(37c). I envisage the CR will be at 50c+. The majority of the ARUOs will be exercised at 34c in 8 months time, to provide an additional $23mil in funding, and as I have said for a long time (see prior posts) we SH will be asked for a CR of about a 1 new share per 5 to 6 shares owned sometime in 2024/25FY, for an approx CR total of $150-200 mil. I can only keep hoping it will be the Non-Renounceable Entitlement raise we LT SH finally deserve.
I know ppl will say why wait til 50c to contribute, buy now, sell the bought ones when they announce the CR to fund the entitlement (all good financial sense) BUT when one has loaded up on ARU shares like I have, the portfolio is too risky already to keep adding ARU to it. Like anything in life, too much of a good thing can be bad for you !! I re-balance my portfolio from time to time (like selling 4% of my ARU holding at 35c the EDC ann day (bought @33c days before), and rebuying half the amount at 32.5c yesterday)
None of this constitutes financial advice, it is ......All IMVHO, DYOR (cause I have), GLTA(patient)LTH "Build it they will come for more"
the line in the sand is June 30th, tax loss selling and ECE Nolans divestment will be complete. The shorters have their end of game date, already planned.
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