We are in a primary bear market. We have a world wide credit crunch. The largest banks in the world are folding due to lack of credit. Liquidity in the stock market is drying up.Plus,Plus, Plus and Arafura needs 10-40 million soon. This is a recipe for disaster. The only good thing for us right now is that we have cash. Any proposed raising on the market will fail period. When the time comes ask each of the directors if they intend to take up their full entitlement? I for one will not be taking up anything as I realise that I can not get it back for a considerable time into the future. $1 cash is now worth $2 and it could get worse. When is management going to get realistic and stop the cash from flying out the door. Slash staff/ cut costs/ reduce the board. DO IT and DO IT now before it is too late.Norm
get real.
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $404.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.0¢ | $404.7K | 2.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 1249189 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 249678 | 12 |
View Market Depth
| Last trade - 12.45pm 29/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |